Auto Loan | How to get bad credit Auto loan ?

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1. mccoyblues said:

   It’s easy to get a bad credit auto loan as long as you are willing to accept the worst rates and terms in the industry. Expect to pay interest rates that are double or even triple those of a conventional loan and expect to see contract terms that are almost impossble to live with.

   Save your money and pay cash for a cheap car. DO NOT let these predator lenders take advantage of you.

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   December 12th, 2009 at 2:24 pm
2. Natalie said:

   yeah

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   December 12th, 2009 at 2:24 pm
3. N said:

   Impossible.

   Now, with LOTS of money down you may be able to buy from a dealer who will overcharge for both the car and the interest.

   Why would anyone lend to you any other way ? You’re credit shows how much your word is worth.

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   December 12th, 2009 at 2:24 pm
4. sarahsmile90 said:

   Your scenario is highly unlikely. To get a bad credit auto loan you will have to go through a dealership that can get you financed and sell you a car. Yes of course you will pay a high interest rate as you are a high risk. How badly do you need a car? Sometime these loans are your only option and a way to rebuild your credit. Good luck.

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   December 12th, 2009 at 2:24 pm
5. Thunderwave said:

   The greatest abuses in bad credit auto lending come from dealers who artificially inflate the prices of their cars and or the interest rates charged for the financing. A common tactic is for a dishonest dealer "specializing in bad credit purchasers" to take a car normally sold for $3,000 and inflate the price to $6,000, take $1,500 down and finance the balance at 24 to 26%. The reality would be that the borrower not only obligates themselves to a contract at a very, very high interest rate but that the under lying debt and price for the car bear no realistic relationship to the value of the vehicle. This leaves the borrower in a position that ultimately they will default on the loan further ruining their credit. Otherwise they will complete the contract by which time they may have paid double or triple what they would have for the same car if they had purchased it from a legitimate dealer at a legitimate price. The watch word here is "caveat emptor," let the buyer beware, some dealers advertising they work with poor credit purchasers may be honest and forthright dealers. The best consumer protection is knowledge. Research the true value of the cars you are purchasing and try to pay only the wholesale cost plus a $200 to $500 profit for the dealer. In only the rarest of instances should you pay more than the retail price of the car.

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   December 12th, 2009 at 2:24 pm
6. Lim said:

   Good day,
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   December 12th, 2009 at 2:24 pm
7. lisa said:

   I am lisa bruce this is an opportunity for those in financial problem and those who want financialup lift in their life,apply for loan,As a loan seeker you are eligible to apply for loan with the following details (1:full name 2:country 3:age 4:occupation 5:tel 6:gender 7:amount 8:duration) contact them via email melvinfinanceloanfirm@yahoo.com
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   December 12th, 2009 at 2:24 pm
8. Hans said:

   hi
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   December 12th, 2009 at 2:24 pm
9. Max said:

   Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.sinfree.net

   Like or Dislike: 0  0

   December 12th, 2009 at 2:24 pm

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