Does the internet contain a trustworthy loan interest rate aggregator/advisor?
September 16, 2012 11:46 AM Subscribe
How do I find out what constitutes a "good" car loan for a given set of circumstances?
posted by contraption to Work & Money (2 answers total)
There are a zillion online loan calculators, but their parameters are typically limited to principal, size of down payment, term of loan, and a user-supplied APR.
What I'm looking for is some way to figure out what to put in the "APR" field based on:
- The current interest rate climate
- My own credit score
- The age/condition of the vehicle
- The term of the loan
- Any other factors I'm not considering that might affect the rate
Is there any way to get a ballpark figure for this other than filling out applications with a bunch of different lenders and seeing who among them offers the best deal?