It’s time to buy a new car but you recall that you’ve made a few late payments on your bills and already maxed out your credit card. As a result, your credit rating has dropped, and you know it can be difficult to get preapproved for a new car loan when you have a bad credit. What should you do?
There are several options that you can look at. One that seems viable at first but would actually cost more in the long run is a debt-free car. Unfortunately, the catch of this option is pretty obvious—endless maintenance and repair that can prove too much to handle. This is even worse than an ultra-used car that needs total overhaul to return to its working order.
Another option is getting the car financed by the dealership, itself. This may sound a little far-fetched but it’s actually possible. In fact, a lot of car dealerships are now proactively offering it to buyers as a form of service. To make a sense out of it, you only need to know the perspective of both the lenders and the dealerships. Read more from this article: http://bit.ly/2BCVm28
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