Is 6.99% a reasonable finance rate for a used car?

Asked by Guru3134M Jul 09, 2020 at 11:45 PM

Question type: Shopping & Pricing

I'm looking at buying a 2017 honda CRV with approx 33 000km. I'm just not
sure what a typical interest rate is for financing a used car, Honda is saying
6.99%. Is this reasonable?

1 Answer

This is pretty good. You can do a little better with a high financial rating.

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