When purchasing my first vehicle alone what is a good credit rating to have that wont hike up interest?

I agree with Dave W above. Buy a car you pay cash for. A new car might seem nice, but you can buy a used car with more bells and whistles for much less money.





Buy a two thousand dollar car versus a $20,000 car and you essentially have $18,000 to use for repairs...(dave ramsey idea).





If you do finance a car, DO NOT finance longer than 5 years. I've seen dealers offering 84 month financing...that's not a car loan, it's a mortgage!.





Evan financing for 5 years, it is not until year 3 that you are at break even (car is worth what you owe) unless you put down a lot of cash up front.

When purchasing my first vehicle alone what is a good credit rating to have that wont hike up interest?
740 and above.
Reply:Over 700, but that's not all they look at. If you have another installment loan that you pay on time, long history with creditors in good standing, no charge-offs, or delinquencies, and inquiries.....less is better.


You can get a free report from experian at freecreditreport.com
Reply:when buying ur 1st car - buy a cash car.


cars are a deprciating (lose money) liablity.


u get charged $$ to drive something that loses $$ the minute u drive it off the lot.





visit dave ramsey .com look for and watch


'drive free, get rich' understand cars loans can cost u 200,000$.





debt is 21st century slave ry.