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Why car buyers with bad credit get raked over the coals

It alls boils down to ignorance, lack of information, high debt load, and low credit score. You don't notice the veil being pulled over your head, you don't see how you are descending into the burning depths of bad debt and despair, not realizing you lose $4000 to $6000 every time you trade in a car, all you know is you are getting out from one bad upside down auto loans and into another auto loans with lower payments, but 72 or 84 months on the loan. Your problem is you are focusing on the monthly payment instead of the selling price of the car, and the items that make up your monthly payment, and how you can reduce your monthly payment. The reason you lose out every time is you don't have the same information the car dealers have about your own credit history.

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BAD CREDIT CAR LOAN TIPS

• What to expect from the car dealer when you have bad credit

• If your credit is really bad, work out your car loan first, and choose your car second

• Why car buyers with bad credit get raked over the coals

• If you fail to prepare, then prepare to fail

• Avoid financing extended warranties and extras into high APR loans

• How to get bad credit auto loans

• Get Your Credit Report & Credit Score Online

• What Should My Credit Score Be For Approval On A New Car Loan? Who should I apply to?

• New car finance Rule: Don't trade in a car that you still owe money on

• Online Auto Loans: Getting the lowest Auto Financing APR

• "Subject To Financing": why the dealer called you 2 weeks later to re-sign your auto loan

• Car loan payment calculators

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