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Car Loan Tip No. 39

Auto Loans - Beware of Dealer Scams V

If you have a bad credit score, you are probably better off looking for auto loans from a lender other than your car dealer. Auto dealers often pull the "you'll never get an APR lower than this" scam to uninformed bad credit holders. And because you DO have bad credit, you are more susceptible to accepting this seemingly generous offer. If you have bad credit, a quick online search will tell you the exact range of APR you are more likely to get for an auto loan.

Written by: Anthony Recto

 

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