|Articles|September 16, 2008

Physician's Money Digest

  • 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

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Female Millionaires

almost 18 years ago

The Cadillac CD

almost 18 years ago

Sales Taxes Deductible

almost 18 years ago

Risky Investments?

almost 18 years ago

Doc's Tax Dodges Probed

almost 18 years ago

Thumbs Up: The IRS: On Your Side?

almost 18 years ago

Thumbs Down: They Have Some Nerve

almost 18 years ago

Reading Room: There for the Taking

almost 18 years ago

That's Entertainment

almost 18 years ago

Living a Lot Longer

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