I know that i have good credit history. my score is about 700 but my credit limit is only one thousand. I just recently got a new credit card that offered a limit of 2900. I am worried this low limit will effect when i buy a new car. Should I worry? What do you think my apr will be if i give a downpayment of 2-3k for approx 15k car? thanks in advance!|||It all depends on who you get the loan through. If you have that good of a score then your rate will be lower regardless of the downpayment.|||Get yourself a nice, brand new USED CAR! You can get a decent one for the same as the down payment you mentioned, possibly a little more in repairs, but that 15k price tag will go up as well once you consider repairs.
The difference is, if you have 2 or 3k, the car can be yours and you won't have to worry about any unsuspected money woes from month to month.|||i may be able to help in these kinds of situations,
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