Special Finance Car Loan
Getting a special finance car loan with a bad credit rating can be a real uphill battle.
We believe that just because you’ve suffered from problems with bad credit in the past
you shouldn’t be automatically disqualified from obtaining a car loan. So if you do have
a bad credit rating, we can still help you to secure a
auto loan for US or Canadian residents.
We aim to be as flexible as possible with our special finance car loan. We’re willing
to go out of our way to help you find a special finance arrangement that suits your
circumstances and allows you to drive away with one of our special used cars.
Special Finance Interest Rates
Special finance interest rates will vary from bank to bank, and from car to car.
The older the car the higher the interest rate on that particular vehicle. More of a
down payment also will lower your interest rate by putting the bank in a more equitable
position. Your current credit rating will definitely have a huge effect on your interest rate.
The higher your score the lower your interest rate. So there is a lot of factors that go in to
calculating what interest rate your next car loan will actually be.
Car Loan Terms
With special finance banks, financing a car loan for 72-month term, is not completely out of
the question. But for most people it is and is not really the smart thing to do. When financing
with special finance banks your interest rates will be elevated and you are going to need to
refinance the car after you have made 18 to 24 payments, to get a better rate.
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