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Financing options are out there, but, often, they’re through predatory lenders. If you find it hard to make sense of the different options, the Office of Fair Trading provides its APR and Rebate Calculator for free online. High Interest Rates Even though you have bad or no credit, you should still be able to get a decent interest rate. You will get a chance to go through quotes from different lenders and select the most suitable for you. Nowadays car dealers are also coming forward with new packages with flexible terms. A poor credit car loan usually has a higher than normal interest rate, and the payment periods usually range from two to five years in length. The best way to get a good deal is to shop around and compare the various rates available from different vendors. You therefore "buy" the car at the dealership and "pay" on the loan at the dealership. You might not see "Buy Here Pay Here" written across the windshields of their cars, but phrases such as "We Finance" may indicate that option is available. The chance to choose from available cars, make affordable monthly payments and enjoy the freedom a car offers can't be overstated. Available cars,.
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