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How to Refinance a Car Loan with Bad Credit. You can still refinance an auto loan with bad credit, but getting a good rate can be difficult. Borrowers with low credit scores generally pay much ...
Bankrate tip. Experts recommend a down payment of at least 20 percent, but if that’s too much, just put down what you can afford. 3. Research. Prepare as much as possible so you’re not caught ...
A bad credit auto loan works just like any other auto loan. The only difference is the recipient’s credit score, which impacts the terms for which the borrower qualifies.
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2. Calculate your down payment. Before you head to the lot to buy a car, take the time to calculate your down payment.This amount will depend on your unique financial situation and the kind of car ...
A down payment of 20% on a new car or 10% on a used car is usually sufficient, though your credit score can affect this. ... Always consider the risks before opting for a no-down-payment loan ...
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