Don't Get Stuck With a Clunker (KiplingerForecasts.com)
The worst situations in bad credit auto loans show up when car dealers artificially inflate the pricing or interest rates on their cars. Auto dealers who specialize in bad credit loans will take a car normally selling for $5,000, inflate the price to $8,000, take a $2,500 down payment and then finance the purchase at 24%. Now the bad creditor will be in debt to the auto loan company for an inflated price that isn’t indicative of the vehicle’s real value. A way to counteract these types of sneaky bad credit auto loan dealers is to check the value of the car you are looking at, first, and then only pay $200-500 extra then what’s listed. Only in exceptional circumstances would you ever pay more than this for a car.
Don't Get Stuck With a Clunker (KiplingerForecasts.com)
Used cars can be a bargain, but buying one often feels like a gamble. We show you how to shop smart. Plus, see our slide show of ten used car best bets under $20,000.
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Getting the first car loan (Bankrate.com via Yahoo! Finance)
Don't be scared by applying for your first car loan. Be prepared -- using these tips.
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Don't Get Stuck With a Clunker (KiplingerForecasts.com)
Bad credit is a term used to describe a poor credit rating.
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