I was approved for a 17K loan towards the purchase of a Honda 2012. The rate is %3.76 for 60 months.
This is my first loan, I had a good credit score, before applying for the loan through the car dealer. My score was 760 before the loan, now my credit score plummeted to 706.
Was that the best rate I could get based on my profile? College graduate, Never took a loan before, Minor credit card debts, Payments always on time.
Please advise.
Thanks.
Added (1). The car has 41K miles on the odometer. Looks and feels almost new.
Read more: Did I get a good deal on my car loan?
