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  2. Do You Know What a Second-Chance Auto Loan Is?

    www.aol.com/know-second-chance-auto-loan...

    Second-chance auto loans are usually divided into deep subprime or subprime loans. A deep subprime loan covers credit scores between 300 and 500, and a subprime loan covers credit scores between ...

  3. Subprime lending - Wikipedia

    en.wikipedia.org/wiki/Subprime_lending

    In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. [1] Historically, subprime borrowers were defined as having FICO scores below 600, although this threshold has varied ...

  4. General Motors Gives 900 Dealerships a Second Chance - AOL

    www.aol.com/news/2010-06-09-general-motors...

    General Motors Gives 900 Dealerships a Second Chance. David Schepp. Updated July 14, 2016 at 9:04 PM. ... said Craig Bickmore of the state's New Car Dealers Association. "As a result, the vast ...

  5. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    Captives have a smaller share of the overall car financing market (new and used cars), along with banks, credit unions, and finance companies. A small number of cars are financed directly by the dealership at "Buy Here Pay Here" dealers, which cater to customers with subprime credit. Buy Here Pay Here financing accounts for 6% of the total ...

  6. Mike Farr - Wikipedia

    en.wikipedia.org/wiki/Mike_Farr

    The Farr lineage is not just success in football, but has become synonymous with cars. Mel Farr, Sr. became a successful auto dealer after finishing his career with the Detroit Lions. [3] In 2002, Mike Farr started Second Chance Motors to address the inconsistencies in financing subprime customers in the used vehicle segment of the market place ...

  7. Should you use a home equity loan to pay off an auto loan?

    www.aol.com/finance/home-equity-loan-pay-off...

    By comparison, an auto loan provides money for one purpose: to buy a car. Like home equity loans, auto loans have fixed interest rates; however, their loan terms are much shorter, usually lasting ...

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