Car loans helping those with bad creditDrivers with bad credit are benefiting from the freedom of still being able to secure a used car loan, according to one expert.
Drivers with bad credit are benefiting from the freedom of still being able to secure a used car loan, according to one expert.
In an article for the American Chronicle, Saurabh Jain notes that even those with poor credit ratings are now finding that car finance is not beyond their reach with some lenders able to help them despite previous financial problems.
However, he states that it is important for motorists to remember that selecting the right car is a valuable part of the process and that selecting a vehicle in advance of securing the loan can be advisable.
"You should also be careful as you might face financial hurdles in choosing a car more than 5 years old. So go for one that is not as old as that," he said.
Last week Auto Express reported that drivers with car finance could see ther money stretch further as a survey revealed that the cost of buying a new car has "never been cheaper".
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