Did I get a good interest rate (6.99%) with my car loan?

I just bought a Honda Civic Coupe and put some money down and financed 10,000. I got 6.99% financing over 60 months - my credit score was in the high 600s. Is this a good interest rate? The car salesman actually started me with 7.99% but I resisted.

Did I get a good interest rate (6.99%) with my car loan?

Not a bad rate, not the best perhaps, but certainly not bad for a high 600 score. A word of caution about refinancing... check your contract carefully many sales finance contracts have a $75 to $100 early payoff fee, usually if the loan is paid in full within 6 months.

Did I get a good interest rate (6.99%) with my car loan?

For 60 months there's a better of 6.25% but 6.99% is also pretty good

http://www.netbank.com/loans_auto.htm

Did I get a good interest rate (6.99%) with my car loan?

That sounds like a fair rate. New or used car? If its a used car, you got a very good rate. New - you did OK. Your rate would go down if you did a shorter period of time (36 mos vs 60 mos)

Did I get a good interest rate (6.99%) with my car loan?

It's doesn't matter NOW!

You should have asked this BEFORE you signed.

Nothing you can do about it now. YOu got what you got.

Did I get a good interest rate (6.99%) with my car loan?

You did well, but you should have shopped around first. Next time, try a credit union, local banks, and/or your local AAA office

Did I get a good interest rate (6.99%) with my car loan?

No, it's a rotten rate. With car sales dropping everywhere, most dealerships are practically giving away cars. You should have checked with your local bank/credit union (mine gave me 2.74%) and you also should have checked the lease options. Honda Civics are one of the most popular cars, so the re-sale should be good for a lease.

It's not to late for your rate...just like a house, you can refinance a car loan. This time, shop around!

Did I get a good interest rate (6.99%) with my car loan?

Have a look here.

Did I get a good interest rate (6.99%) with my car loan?

You may want to check with your local Credit Union. They usually offer lower rates than banks.