Buying a Car With Bad Credit: Your Options (and How to Improve Your Score)
Having bad credit can make buying a car challenging, but it's not impossible. While you may face higher interest rates and limited financing options, there are steps you can take to get behind the wheel.
Overview
This guide provides a realistic overview of your options for buying a car with bad credit, as well as actionable steps to improve your credit score and qualify for better financing terms in the future.
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FAQ
These dealerships offer financing directly to borrowers with bad credit, but they often charge very high interest rates and may have limited car selection. Exercise extreme caution.
It can take several months to see significant improvement in your credit score, depending on the severity of your credit problems.
A secured car loan can be an option if you have bad credit and are willing to put up collateral, but be aware of the risks involved.
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