So this is my first time applying for a loan. I applied for $13,000 and was approved for up to $15,000 at 9.5% APR though I won't be using all of it(maybe?). I applied online with USAA and the car I'm looking to purchase is $11,593 after the dealers document fee(10,995 without).
My questions are:
-
Do I follow through with the loan app before or after I test drive the car and am ready to purchase?? I have until February 15 until the offer expires.
-
What happens if I don't accept the loan? Is it just a hit on my credit score?(just curious, I need a car so I will be following through)
-
Can the dealer negotiate a lower price than what USAA's Car buying service gave me, as well as negotiate a lower APR?
-
What happens to the rest of the money if I don't use the entire amount?
-
How much can I be expecting to pay after everything is said and done if the car costs 10,995 before taxes and fees? Will be registered in CT.
Submitted January 02, 2017 at 11:06AM by veency http://ift.tt/2hHGs00
