Hey, I'm 20 and I recently just bought a 2019 Nissan Versa at a local dealer ship with my BIL (about 13K) . I'm a first time buyer, no credit build ever and I have no idea about cars , finance or credit. I put a down payment of 3.5k and will be paying 375 a month with insurance included. However they said because I have no credit history and I'm a first time buyer, my starting intrest rate is about 16 percent which now known is ridiculously high. However, they mentioned this and that if all my payments are on time and I get a different credit card and work that out in about 5/6 months i could refinance and drop it in half maybe more. Is that possible ? What do u guys think? Ig it doesnt matter since it's all done now but I just want some second thoughts.
Submitted January 09, 2021 at 11:35PM by GreaterThanOrEqual2U https://ift.tt/3nDR6at
