2006-07-09 11:47:30 · 5 answers · asked by leelee 1 in Cars & Transportation ➔ Buying & Selling
Yes, typically banks who finance "subprime" or hard to finance people, do charge extra fees.
2006-07-14 15:18:47 · answer #1 · answered by msdagney 4 · 1⤊ 0⤋
properly, regrettably i do no longer imagine there's a decrease. If one has spotty credit, the benefit is with the lender. He has administration over the borrower. in case you signal a settlement, you're to blame. perfect to get your credit rnewed and get a common loan. pay off the debt. set up a spending sort/funds you could proceed to exist and by no potential waste funds. take the bus contained in the intervening time. Carpool etc. reduce out unneeded costs. A automobile is a luxurious no longer a neccesity. in ordinary words purchase absolute neccessities till you pay off the debt. Then commence operating a on a balanced funds & savings plan.
2016-11-06 02:52:44 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It depends on the bank. Drive is a lender who charges us, the dealers, big fees just to get the deal approved.
2006-07-09 11:57:48 · answer #3 · answered by Butch B 1 · 0⤊ 0⤋
Yep ...it's called an aquisition fee. In Illinois the dealer can't make you pay it. So if a dealer got you approved on an affordable loan & a decent car ... go for it .. & try to repair your credit!!!!
2006-07-09 11:59:10 · answer #4 · answered by Vicky 7 · 0⤊ 0⤋
Your interest rate may be higher or you may be required to make a bigger down payment to get the purchase completed.
2006-07-09 11:53:15 · answer #5 · answered by agentdenim 3 · 0⤊ 0⤋