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In addition to being a way to get a new car, financing the purchase through a poor credit car loan can help repair your own credit history in the process. If you consistently make payments on a BHPH car loan, many dealers will report that positive behavior to the credit reporting agencies. 3. Searching for an apt loan Like all other loans, auto loans bad credit are also available online making them accessible to a wide range of customers. You purchase the car through what's referred to as in-house financing versus through a third party, such as a bank. But auto loans bad credit will enable bad credit holders to get the money at reasonable rate which was quite impossible before some years. High Interest Rates Even though you have bad or no credit, you should still be able to get a decent interest rate. In order to accommodate for this, you need to always be fully aware of the prices of used cars in your area for the model and make of car that you are looking for, since some dishonest dealerships may try to take advantage of your predicament. But with secured auto loans you.


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