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After checking out your credit score, search for a trusting car finance specialist that deals specifically with these types of bad credit auto loans. Then, with your monthly payment range and down payment information factored in, they'll show you cars that fit your financial situation. In case of unsecured ones no security will be asked from you as collateral against the loan. High Interest Rates Even though you have bad or no credit, you should still be able to get a decent interest rate. If you find it hard to make sense of the different options, the Office of Fair Trading provides its APR and Rebate Calculator for free online. The average search for the phrase "Buy Here Pay Here" brings back more than 40 million results, each one saying something slightly different than the next. Getting the vehicle Auto loans bad credit entitle you to procure all the money required to buy a new car or a used one with just a small down payment. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership. At a BHPH dealership, the process is usually reversed. A poor credit.


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