Why did I get a 6.9 interest rate when my Credit score was 813?

Linda Cockrell | Oct 6, 2017 | Category: Toyota dealer

Gray-Daniels Toyota - All questions

Address: 104 Gray Daniels Blvd, Brandon, MS 39042, USA

Joseph N | Oct 6, 2017

The Dealership's Finance Dept. Could tell you. Many factors go into an interest rate: The type of vehicle, new or pre-owned, the length of the loan matters, the down payment the credit report matters not just the score. Things like payment history, debt to income ratio, how loans were paid back in the past etc. Some banks and credit unions do not use the same credit bureau as there are three of them.

EM Johnson | Oct 6, 2019

Always research, request lower, and be prepared to walk away.

Bruce Kirk | Jun 7, 2022

Because they can mark up interest 2% on a loan

Mutt Jordan | Oct 6, 2017

I don't know. I was only there for service

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