If your credit has been damaged, and you find yourself paying high interest rates, we want to help. Every situation is different. Please contact us to see how we might be able to help.
How does Subprime Credit Affect you when purchasing a vehicle?
The screenshots below are of a loan calculator. They illustrate the cost of a vehicle purchased for $20,000. They are both the same term and price except the top one shows a scenario with good credit and the bottom one with poor.
As you can see, for the exact same vehicle, the subprime buyer's monthly payment is $195.52 more than the buyer with near perfect credit. This equals $14,077.50 over the full course of the loan. If you are forced to borrow at subprime rates, let us help you understand ways that you can rebuild your credit to help you get above water.