Comments on: Car loans after bankruptcy? http://autocarloansnow.com/car-loans-after-bankruptcy.html Tue, 10 Apr 2012 00:46:52 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Me M http://autocarloansnow.com/car-loans-after-bankruptcy.html/comment-page-1#comment-476 Me M Mon, 16 Nov 2009 16:49:38 +0000 http://autocarloansnow.com/car-loans-after-bankruptcy.html#comment-476 15% interest is going to be hard to beat. The reason why you can't get anything old with high miles is because of your track record. The bank is not going to stick it's neck out on something that may need repairs soon after getting the loan. The way they see it, if you are faced with a $500 repair bill one month you will pay it instead of the car payment. Something with lower miles will have less chance of problems. 15% interest is going to be hard to beat.
The reason why you can’t get anything old with high miles is because of your track record. The bank is not going to stick it’s neck out on something that may need repairs soon after getting the loan. The way they see it, if you are faced with a $500 repair bill one month you will pay it instead of the car payment. Something with lower miles will have less chance of problems.

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