Rateous is the rate engine behind The Broker Black's market rates. It prices an auto loan the way a lender does, from real lending matrices, so you see a realistic rate for your credit range, the car's age, the loan-to-value, and the term, without a credit pull.
Lenders do not pick a rate out of the air. They price every loan from a matrix: a grid of rates by credit tier, vehicle age, loan-to-value, and term. Rateous is built on real-world lending matrices of that kind and prices each loan the same way.
Rateous is pinned to the Federal Reserve's primary credit rate. When the Fed moves, Rateous rates move with it, so the market rate on The Broker Black tracks the market instead of going stale.
Every car on The Broker Black carries a Rateous market rate, next to any factory rates the dealership offers, so you can compare the two. It is why the footer of every page reads "Rates powered by Rateous."
Rateous is also used by dealerships to quote market rates at the desk. To see more, visit myrateous.com.
No. Rateous prices loans; it does not make them. The lender that finances your car sets the final rate.
No. Rateous prices from the credit range you choose, with no credit pull and no personal information.
Whenever the Federal Reserve moves its primary credit rate, Rateous rates move with it.