Originally Posted by outie
If they required you to put down 7 MSDs to get 0.00245, it means they are actually charging you 0.00294 before the MSDs, which translates to 7% interest rate.
The 0.00180 rate one could get is before MSDs, and after 7 MSDs it is possible to go down to 0.00131.
Now back to your aunt situation. It is what it is. They have looked at her credit and said she does not qualify. They are required to disclose your aunt's credit score if they ran her credit, so check it out. It is probably not as high as you think it is, and her lack of credit history does not make things better. This is America, having no debt and no credit history does not make you a potential good borrower, unfortunately.
No sir I wanted the .00180 but thats not gonna happen ,cause I was gonna put down MSDs anyway to go down too .00131.That would have been a score but oh well
They gave me .00245 and it goes down to as the dealer said hope he is being truthful and not marking up MF .00191 a little higher then the .00180 without MSDs. This is the deal I am gonna take I belive, I was approved under just my name. It will build me up for everything including BMW and future car loans.