astute customer.TIP: Merely mentioning^ “buy rate” will mark you out as a more^
If you’re doing an indirect loan, ask what the buy rate is. Though the dealerdoesn’t have to disclose it, it can help you negotiate the best possible
interest rate. The most important thing is to have more than one option forfinancing so you retain as much control as possible—so get preapproved
first. On the your credit, who handle prime and subprime borrowers.Resources page of the site are some good sources, no matter
TIP: There are no prepayment penalties on car loans.PRIME LENDING
Prime scores are generally considered to start at 680 credit scores; this isthe “B” interest rate range, depending on lender. Anything over 740 makes (^)
you “A+” or “superprime” on credit and should qualify you for the bestinterest rate any lender offers. Many lenders offer automatic approval to (^)
people with scores over 740; in this case, they barely seem to glance atother parameters such as DTI. Debt-to-income will still matter, though,
especially for those who score hovering just around 700.