What is a good interest rate for financing a car?

My credit is 603, I'm planning to buy a car in 4 months.





What can my interest rate be?


What is a good interest rate?





Thanks|||I dont know.. sorry|||Not a bad score, average is 650, if you buy a new car there are incentives, 3.9 to 6.9%|||I just bought a used car through my credit union. I got a rate of 6.5% with 20% down. No money down was 7%. The dealer offered 7 and 7.5%.





New car incentives are tricky. The 0% rate may be good but you will get less discounted. So get your best price and see what the payment will be at the 6.5, 7 and 7.5 rates. Then see what your payment will be with the 0%. A good dealer understands this totally and will help get you the best monthly payment so he/she can sell the car.





A word of warning on buying from a private owner. Rates may be higher and you will probably get a 30 feet or 30 second warranty whichever comes first. You 603 should not have any affect, its not bad.