I've made up my mind to purchase a new evo9 next week.
Now, I've checked my credit and it's at 680 average (3 bureaus combined).
I've been approved for apr of 7 percent.
Is this average or is it a bit above average.
What would be the best way to get lower apr?
I was thinking about 5 or even 4percent but I guess the rates are higher these day.
Would do you guys think?

 

7 is find. the bank in your area will take the score form Trans Union credit report. If you trans union is higher, then you could get the rate a bit lower.

 

7 is a little high. Check around for more around 5%.

 

At 680, that's not exactly in the upper range. Therefore, I doubt you will be able to get 4 or 5. But still, do search around.

 

What's the term for 7%? If it's longer than 60 months, that's not awful. Around 66-72 months will have a higher rate, but a lower monthly payment.