auto

9 steps to a car loan on damaged credit

2. Shoot high
2. Shoot high | amygdala_imagery/E+/GettyImages

2. Shoot high

Keep in mind: Because car loans involve less money over a shorter period of time -- and an auto is easier to repossess than a home -- the same credit score that might have put you in a subprime mortgage loan could bring you a prime or near-prime auto loan. If you actually have good credit and apply for a subprime loan, it's likely that you will get less favorable terms than you deserve.

RATE SEARCH: Shop today for a low-rate auto loan.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

Auto leasing at an all-time high

Find out why car leasing is at its highest level on record.  ... Read more


Connect with us