Tips on Buying Cars: Financing, Financing, Leasing

Question
How does the dealer determine your interest rate on a loan, and is that how they earn their money?

Answer
Hi Bobby, Your FICA score determines your credit score. Banks have a system like 700 and above would be A tier, 680 to 700 B tier, and so forth. You should always know your scores before going into a dealership.
And yes, Bobby, that is how they earn more money. They will add points to make more. Always negotiate your interest rate.

Let me know if you have further questions.

Good Luck
Shari Arnold