Not exact matches
Online
auto lenders have become extremely competitive and, if you have good to excellent credit,
chances are you can still find a rate that is lower than your dealer's rate.
Another way to get a
lender to take a
chance on an
auto loan is to save a large enough down payment to make the risk worth taking.
On top of this, since sub-prime borrowers could theoretically have a better
chance at finishing repayment, it could be assumed that
auto lenders are reducing their risk by lending a long - term loan to a sub-prime consumer.
Although second -
chance auto loans are out there, even subprime
lenders may want you to wait at least a few months after your repossession before they'll offer you a loan.
Some
lenders are more than willing to give those with poor credit a second
chance, be it for personal, credit card, or
auto loans.