Loan for rebuilt title
Hey everyone,
I have a question regarding a car I want
It is a Mazda 3 for 16000 cash or 17000 finance
My Dad offered to buy it for me and to pay him 500 for 40 months so 20k total
My question is if i can get a loan for the car at a better rate
I have a 777 transunion score, 777 equifax, and a 770 experian score
After I did some calculations his offer is like if I took a loan for 16k at 14% interest for 3 yrs and 3 months
Can I myself get a better deal?
Forgot to mention that he wants me to pay the rest of the fees for the car
I’m on track to make 25k a year (student in college) and pay no rent and have no student loan debt at the moment. I’m a bit more inclined to take his offer since I will probably need student loans for the next 2 years and will need my credit to be at its best.
Anyone that has advice to give I would really appreciate it.