What is the average used car financing percentage?
I am just trying to calculate how much it would cost me to finance a car. I have good, not excellent credit.
Down payment will be anywhere from 10% to 20% of the car price.
Finance best answer:
Answer by rhsaunders
Varies all over the lot, depending largely on your credit rating. I got 7.5% with a fine rating.
Finance
Wayne Mayor Abdul Haidous Testifies at Michigan Senate Finance Committee Hearing
Image by Michigan Municipal League (MML)
Mayor Abdul Haidous of the city of Wayne and Sterling Heights Mayor Richard Notte were in Lansing on Thursday, with Michigan Municipal League staffer Andy Schor, to testify at the Senate Finance Committee's first hearing on SB 34, which would eliminate the personal property tax. Read the Feb. 3rd Action Alert (http://www.mml.org/advocacy/alerts_advisories/2011_02_4_action.html) which explains the League's position on the bill, and the steps local leaders are taking to make sure committee members understand the devastating impact this would have on local public services should it be enacted without a replacement for the revenues to local communities. For more about the League and what we do go to mml.org.
Orignal From: What is the average used car financing percentage? and Wayne Mayor Abdul Haidous Testifies at Michigan Senate Finance Committee Hearing
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