
- Nov30 2004
- Volume 11
- Issue 22
Check Your Credit
Car buyers:
Check your creditreport before you go shopping. Allthose dealer ads that mention goodieslike interest-free financing usually tackon a disclaimer that they are for qualified buyers only. Your credit report islikely to be the main benchmark a dealerwill use to decide if you qualify. Evenif there is no incentive on the table, theinterest you pay on the car loan will bebased on your credit score—the higherthat number, the lower the interestrate. With a score below 650, you mayget slammed with a 19% car loan,while a 750 score may earn you a 6%rate or lower. To find your score, go towww.myfico.com. If your score is inthe range of 650 to 700, you may bebetter off negotiating a bank loan foryour car purchase instead of financingit through the dealer.
Articles in this issue
almost 18 years ago
Female Millionairesalmost 18 years ago
The Cadillac CDalmost 18 years ago
Sales Taxes Deductiblealmost 18 years ago
Risky Investments?almost 18 years ago
Doc's Tax Dodges Probedalmost 18 years ago
Thumbs Up: The IRS: On Your Side?almost 18 years ago
Thumbs Down: They Have Some Nervealmost 18 years ago
Reading Room: There for the Takingalmost 18 years ago
That's Entertainmentalmost 18 years ago
Living a Lot Longer





































































