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If you're in the market for a car and your credit history is shaky or worse, you'll see plenty of dealerships with signs proclaiming "no credit, no problem," "buy here, pay here," "no credit check
A saga over the sale of car finance is "one unholy mess" and customers can complain to their lender if they are aggrieved, MPs have heard. Lenders and dealers have been accused of hiding ...
And with used car prices still 29.6% higher than pre-COVID-19 pandemic levels, according to a study from used car search engine site iSeeCars, timing your used car shopping is vital if you want to ...
Trying to get a car with bad credit? If you have a low FICO score, it won't necessarily dash your hopes. It just means you'll probably be charged a higher interest rate on your car loan. See: 10 ...
The advantage to the dealership of having an RFC finance was decreased risk on the sale and finance of the vehicles sold. Since both the RFC and the dealership had the same ownership, the owners could benefit from the profit on the sale of the vehicle and the profit on the loan for the vehicle. Historically, the down payment required on a BHPH ...
A car that’s only a year or two old may qualify for the same interest rates as a new one, but if you’re looking to finance a vehicle that’s five to 10 years old, prepare to pay a slightly ...
Studies have shown that the average per-unit finance cost can be higher when financing through a dealership than independent lenders. For example, one study found that the price increased by $674 when dealer financing was used, potentially due to additional products or services (an average of 4.63 add-ons per deal) in the financing package. [7]
A bad credit auto loan is a car financing solution tailored to drivers with lower credit scores — typically, below 580. It’s important to avoid costly but common bad credit auto loan pitfalls ...