Tags Cars & Vehicles Q&A

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Auto>General Auto

Do people with bad credit generally pay more for car loans?

Anonymous

∙ 11y ago

Updated: 4/28/2022

Yes, people with bad credit generally pays more for car loans. This is solely due to the interest rate that the person with bad credit has to pay. The higher interest rate adds more to the total amount of the car loan.

Wiki User

∙ 11y ago

Still curious? Ask our experts.

Chat with our AI personalities

Fran

I've made my fair share of mistakes, and if I can help you avoid a few, I'd sure like to try.

Chat with Fran

Beau

You're doing better than you think!

Chat with Beau

Ezra

Faith is not about having all the answers, but learning to ask the right questions.

Chat with Ezra

Add your answer:

Earn +20 pts

Q: Do people with bad credit generally pay more for car loans?

Write your answer...

Submit

Still have questions?

imp

Trending Questions

How much does a 1975 school bus weigh? Where would one be able to find efficient petrol generators? What company makes accord cars? Name something you might accedentaly drop under the seat of your car? Does Geico offer MA Auto Insurance? What is au10k on a gold chain? Were there cars in 1888? What does gerso mean stamped inside a ring? What is the wheel base of the 2014 Nissan Rogue-Select? What is the reenclencher reset button for on a Sierra 2005 5.3 l 1500? What is the spontaneous combustion of the charge commonly caused by low octane fuel or excessive compression ratio? Auto loan and no collision insurance? What oils to put 1971 bsa? Is it legal for your auto insurance to add your 19yr old to your policy as a secondary driver knowing he owns his own car and has his own insurance? Your evinrude engine bogs down when accelerating? Edsel is a no-go? Mission and vision of general motors? Have 1986 gmc 1500 pickup it wont crank starter has been changed out battery is good fuses have been checked any suggestions? What is the wheel base of the 2004 GMC Sierra-1500? How much did the first mini cost?

Related Questions

Does Payday Loans Online offer loans to people with decent credit?

Payday loans on line offers loans to people with any type of credit. There are more people with poor credit who take advantage of payday loan services.

Do people with bad credit pay more interest on a home loan?

Generally, people with bad credit must pay more interest on a home loan; however, there are programs existing allowing people with bad credit to reduce their interest rates on home loans.

What kind of credit score do I need to secure a debt loan?

Most generally, debt consolidation loans are for people who have no so good credit. You could check out www.lendersmark.com for more information.....

Where can I get personal loans, even if I have bad credit?

Many credit unions will provide personal loans to people with poor credit. Talk with your local credit union for more information.

Which financial institutions offer the lowest interest rates on personal loans?

Generally speaking, the lowest interest rates can be found at community credit unions or other credit unions. Credit Unions are not for profit and generally make less money on loans. Major banks are a for-profit business and usually charge more than credit unions.

What are some loan providers that offer loans for consumers with poor credit?

Loan providers that offer loans for consumers with poor credit include the very popular Federal Auto Loan that supports people with bad credit. A consumer could also visit their bank for more poor credit loans

Do Pioneer military loans generally have a better interest rate that regular banks and credit cards?

Pioneer Military loans may have better interest rates than regular banks or credit cards, but this depends on your credit. If you have a good credit score, you're more likely to get a better interest rate on a loan.

Do any lending organizations offer student loans for people with poor credit?

Sallie Mae offers student loans. They do have some poor credit options. You can not clear a student loan by bankruptcy so they are more liberal than for other loans.

Your Credit and Auto Loans?

Your credit score will have an affect on your ability to obtain auto loans at a decent price. Lenders are playing a game involving risk and reward. The more likely they feel you are to default on a loan, the more they will need to charge you in order to compensate for this possibility. If you have a history of bad credit decisions, your auto loans will have a higher interest rate. While this may be the case, the rates offered are not universal across all lenders. Some institutions are more favorable to people with bad credit, others to people with good credit.

Easy Auto Loans?

For people that struggle to maintain a high credit score, no credit check auto loans may be a great option for such people. People may be able to truly help their financial situations by taking out an auto loan. While taking out more loans is not always the best solution for solving financial problems, sometimes it is the only choice that people have in order to meet certain monthly expenses. When people struggle to meet expenses for basic necessities of life, then taking out no credit check auto loans is a great way to gain some extra cash for paying off other things in life. For people that have low credit scores, no credit check auto loans are truly a great choice for people. No credit check auto loans are easily given out to people who do not have good credit scores. If a person does not have a good credit score, then he or she does not have to worry about taking out this sort of loan. Since no credit check is required, then a person will not be denied for a lack of credit score.

credit repair?

Top credit repair companies We help with home loans business loans and much more.

What are Bad Credit Loans?

more then 7% interest

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.