May 22, 2009
What To Ask With Auto Loans
As you talk with different lenders about a auto loans with people with bad credit and they still say that you cannot receive a loan, offer to make a down payment. This will demonstrate to the lender that you are indeed serious about not defaulting on the loan. A typical down payment is usually equal to about five percent of the purchase price of the car. With some lenders this won’t be absolutely necessary. For the most part you should plan on putting down a down payment but this is something that you’ll have to ask. Talk to your lender about this issue.