The auto industry is a highly competitive. This is why car loans with bad credit are very doable.
4 key factors that will determine your car loan are…
1) Credit History — Your credit score will be the primary factor that determines your interest rate on car loan.
With lower scores expect higher interest.
2) Job History — Car lenders also look closely at your job history. A solid job history can open up lots of doors
3) Monthly Income — To increase your chances of qualifying for the best loan, it’s good if your monthly income is
$1500 or more. Anything less, while not absolutely impossible, may be a challenge.
4) Down Payment — Car loans with bad credit will usually require 10%-20% of the purchase price of your car as a down
payment. If you have even more to put down great ~ Money Talks!