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Getting a car loan when your credit is between 600 and 699 can be significantly more expensive than it is for borrowers with better credit scores.
Argent credit union loans. People with bad credit are likely to be offered subprime 501 600 credit scores or deep subprime 300 500 loans at much higher interest rates that can be triple what borrowers with good credit would pay. Deep subprime 300 500 1397. In fact the current average interest rate.
The interest rate for someone with bad credit varies from 65 all the way up to 129 or more on average. These are the same people who may have babied their car but are in desperate need of a newer more reliable model. Super prime 781 850 324.
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