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9 steps to a car loan on damaged credit

8. Look out for add-ons
8. Look out for add-ons © Gajus/Shutterstock.com

8. Look out for add-ons

Nonprime buyers are more likely to encounter lending contracts stuffed with nonessential goods and services, says Josh Frank, senior researcher for the Center for Responsible Lending in Durham, N.C. Never allow the loan to be contingent on purchasing any add-on, such as extended warranties, after-market services and even insurance, says Frank.

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Tara Baukus Mello

Americans hit the road this July 4th

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