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How do you get second chance auto financing?

Updated: 9/22/2023
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JoleneHoops

Lvl 1
11y ago

Best Answer

I love the spin doctor language used by some car dealers.

"Second Chance Auto Financing" is also known as sub-prime lending. Companies that make these loans require additional security such as a GPS tracking system installed on the car that you pay for and very high interest rates.

You should avoid this type of loan if at all possible.The loan cost is literally as high as the law will allow and often there are additional fees.

If you want this type financing virtually all dealers have a finance person who specialises in this type of financing.

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