Bad Credit Auto Loans
Direct financing threw your bank would be the best option for you to obtain a loan for your car. Auto Loans For Bad Credit can help you increase your credit score. Depending on the extent of damage on your credit history you may have to pay a higher down payment of about 20% to 50%. Interest rates for these loans may be in the range of 5% to 26%. Most common rates are between 7% and 18%. Other terms are the length of the contract. Normal loans have a term of 5 to 7 years while loans for bad credit are 2 to 4 years.
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