Bad Credit Auto Loan Financing Should You Arrange Private Financing?
Should you arrange for private auto loan financing when you have bad credit? The simple answer is yes, if you want to save money. Relying on dealership financing makes you the victim of high rates and limits your car buying options. By securing your car financing before you shop for a car, you get the chance to find the best available car loan.
Limited Options With Dealership Financing
Dealerships would have you think that there are very few financing options if you have poor credit. They let you pick a vehicle at what you think is a reasonable price. Then they turn around and charge you excessively high rates and fees to finance the purchase. Dealerships make thousands with these poor loans.
With dealership financing, you dont have the power to negotiate a better deal on your car or loan. You have to take what they give you, which isnt very good.
Take Control Of Your Financing
To get the best deal on your auto loan, check out private lenders ahead of time. Use the internet to search across the country for lenders who are willing to work with your adverse credit...
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