What is the maximum late fee allowed by law in Florida?
Table of Contents
What is the maximum late fee allowed by law in Florida?
5%
What is a good car loan rate right now?
Auto Loan Rates By Credit Score
| Credit Score | Average APR (New Car) | Average APR (Used Car) |
|---|---|---|
| 661–780 | 4.21% | 6.05% |
| 601–660 | 7.14% | 11.41% |
| 501–600 | 11.33% | 17.78% |
| 300–50 | 13.97% | 20.67% |
Is a 72-month car loan bad?
A 72-month car loan can make sense in some cases, but it typically only applies if you have good credit. When you have bad credit, a 72-month auto loan can sound appealing due to the lower monthly payment, but, in reality, you’re probably going to pay more than you bargained for.
Is it better to finance through dealer or bank?
In some cases, however, a dealer may negotiate a higher interest rate with you than what the lender offers and take the difference as compensation for handling the financing. In general, you can usually get lower interest rates on a new car through a dealer than on a used car.
Why do dealerships want you to finance through them?
Car dealers want you to finance through them because they often have the opportunity to make a profit by increasing the annual percentage rate (APR) on customers’ auto loans. But they also have relationships with multiple lenders and car manufacturers.
What is a good interest rate on a used truck?
Although there’s always going to be some wiggle room, the average used car loan interest rates are as follows: Excellent Credit (750 or Higher) – 5.1% APR. Good Credit (700 to 749) – 4.91% APR. Average Credit (600 to 699) – 5.89% APR.
How much do you have to make to afford a 50k car?
Rather than looking at monthly transportation costs, Dave recommends buying cars that cost no more than 50% of your annual income. So if you make $50,000 a year, you should not spend more than $25,000 for a car(s).
