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Used Car Loan

Used Car Loan


How to Get The Best Rate on a Used Car Loan

If you need a loan to get a new car, you want the best rate, here are a few details to help you prepare to ensure when you are ready to purchase a new or used car you will get the best rate. There are a few factors that determine the rate and how much the bank is willing to lend.

Factors in Used Car Loans:
  • Condition of Car
  • Credit Score
  • Payment on Time History
  • Types of Credit on Credit Report
  • Ratio of Debt to Income
  • Size of Loan
Condition and Age of Car

The condition and age of the car will affect a used car loan as the banks don’t want to lend money for a car that won’t be worth much towards the [...]

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