| If you've got the bad credit blues, you're probably | | | | bad credit, it's because you've been having a hard time |
| thinking that if you want to get financing, that you'll | | | | paying bills. So why charge people that have had a |
| have to get your car loan through a dealership that | | | | hard time even more money for cars? They do it |
| offers in house financing. This is a common mistake | | | | because they can get away with it. Simply because |
| that many people make and you need to know why. | | | | most of their customers haven't done their homework |
| You do not have to use in house financing if you have | | | | to see that there are companies that will help them |
| bad credit. | | | | with a real car loan. |
| Do you want to anyway? Probably not. There are | | | | You'll pay more in finance charges. They justify it by |
| two main reasons that this type of auto financing | | | | saying that you're "buying credit". Well, if you've got |
| should be avoided and I'll explain them to you in simple | | | | bad credit haven't you "bought" enough credit already |
| terms. | | | | with crazy late fees and inflated interest rates? Most |
| You'll pay more for the car. These types of car lots | | | | car lots that offer in house financing charge rates in |
| charge much more for vehicles than they should to be | | | | excess of twenty percent. No that's not a typo. 20% |
| able to sleep at night. When you buy from a normal | | | | or more is what you can expect to pay. |
| car dealer, you pay less than retail. When you buy | | | | You can avoid all of this. There are real companies |
| from a dealer that does in house financing, you pay | | | | that offer their finance services online. In house |
| more than retail. Common sense says that if you have | | | | financing is not the auto loan answer that you need. |