You don't need great credit to refinance your car loan. There are lenders out there that specialize in bad credit auto refinances. Sometimes your current lender may even help you with your situation.
Bad credit may make it impossible to get a car loan, but it doesn't have to stop you from owning a car. Just like you can rent to own a house, you can do the same with a car. Does it make sense to do so, though?
You don't need money to buy a car. That sounds like a bit of an oxymoron, but it's true. Some people can buy a car with no down payment. Is it ideal? It depends on the situation, but it's definitely a possibility for some borrowers.
Don't assume you can't get a car loan if you have bad credit or no credit history at all. In-house car financing, or "Buy Here, Pay Here" dealerships, can help you get the car loan that you need.
If you aren't careful, financing a used car could end up costing you more than the total cost of a new car. Used car loans often have higher interest rates and shorter terms.
The average car weighs just 2,871 pounds. Shockingly, it's only 300 pounds less than the 1967 Chevelle. While we think technology has come a long way, some things aren't as different as they seem.
Good credit can get you a favorable car loan interest rate around 4.3 - 4.5%. Bad credit can leave you with interest rates as high as 19%. The difference is that drastic.