Buying A Car With Bad Credit Where To Find A Good Lender
The best car loan lenders for those with bad credit can be found online. Relying on dealership financing will only lead you to higher rates and fees with limited options. By getting pre-approved for your car loan, you can shop anywhere for your new car. Even better, you save money on competitive rates.
Dealing With Bad Credit When Looking For A Car Loan
Bad credit will affect your options when looking for a car loan. With a score lower than 650, expect to pay a couple of points higher than A rated, prime car loans. The lower your score, the higher your rates.
To offset the risk of your credit history and qualify for better rates, you can increase your down payment. A co-signer with an excellent credit score will also get you a lower rate.
But if you do decide on subprime financing, make sure you have the option to refinance with no fees. So when your credit score improves, you can lower your rates and your monthly payments.
Sifting Through Car Loan Lenders
Searching online for your car loan lender will let you skip the trap of dealership financing, which can cost you...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
