Originally Posted by
flyer4512
It matters, if he/she didn't have perfect credit and wanted a 0% loan it could make a difference.
I got 0% 5 years and never stopped churning before or after.
I was assuming the OP was done shopping for loans. But you raise a good point. OP you can still shop around for car loans. I did the same as I saw Penfed offering a 2% rate for 5 years for new cars. Since I had just bought my Sienna a few weeks back, it was considered a new car.
I was also able to get the 2% that was advertised, but with major banks, I can never seem to get the advertised rate. I don't know if that is because I am not taking out a sufficient amount of loan or because of my credit score.
Originally Posted by
flyer4512
However my car insurance just went up ~$50 a year due to a slight drop i my credit score vs 3 years ago.
My Insurance agent said they rank people 1 -60 with 1 being the best.
I was a 7 and am now a 14.
Complete BS if you ask me and just a new way to raise rates for people who don't have claims.
Drat, one more thing to worry about.