You (or your parents) are purchasing a car for $18,985.00 plus 6.25% sales tax. The down payment is $1,500.00. What is the difference in the accrued interest at the end of the first month between the average and excellent credit ratings?

Question

anonymous · Answer

Secured ; Unsecured
Credit           APR%          APR%   
Excellent      3.95             4.57
Good            4.45             5.04
Average        4.90            5.75
Fair              5.60            6.55
Poor             7.05           8.70