DOES THE AMOUNT OF DOWN PAYMENT EFFECT YOUR APR?
8/25/05, 08:18 PM
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HOPEFULLY MY 06 GT CONVERTIBLE WILL BE ARRIVING SHORTLY. WHAT IAM WONDERING IS IF IT POSSIBLE TO GET A LOWER APR IF I PUT MORE MONEY DOWN. ARE THEY OFFERING 72 MONTH FINANCING ON THE 06 GT MUSTANG.
8/26/05, 05:33 AM
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Originally posted by odismorrison@August 25, 2005, 8:21 PM
HOPEFULLY MY 06 GT CONVERTIBLE WILL BE ARRIVING SHORTLY. WHAT IAM WONDERING IS IF IT POSSIBLE TO GET A LOWER APR IF I PUT MORE MONEY DOWN. ARE THEY OFFERING 72 MONTH FINANCING ON THE 06 GT MUSTANG.
HOPEFULLY MY 06 GT CONVERTIBLE WILL BE ARRIVING SHORTLY. WHAT IAM WONDERING IS IF IT POSSIBLE TO GET A LOWER APR IF I PUT MORE MONEY DOWN. ARE THEY OFFERING 72 MONTH FINANCING ON THE 06 GT MUSTANG.
Your rate is determined by many factors including your credit score, debt to income ratio, and amount of advance [loan amount] compared to dealer invoice. Normally if you have good credit [700 score or above] you should qualify for the best rate as long as you are financing a reasonable amount [not over MSRP including tax and lic]. A good rule of thumb is putting down the tax, title, and license. You will also get a better rate on a shorter term.
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