2009 Winter Auto Guide
Keys in the door of a silver car
auto
9 steps to a car loan on damaged credit

8. Look out for add-ons
Next
9 of 11
Back

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.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Chris Kahn

The 4-wheel tradition revs up

We still have a collective interest in conserving gasoline, but so far it hasn't overcome our love of wide, spacious vehicles that can haul a bunch of stuff.  ... Read more


Connect with us