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You have bad credit and banking after dealer without payment. To buy a car with bad credit, no money, you need to know some things.

First, there are only two reasons why the dealer wants a tank ...

The most common reason is because it increases the profit of the sale. Other less common reason is because it is necessary to reduce the total amount of funding approved by the creditor. Trying to figure out what the real reason is to push you in cash is a bit 'difficult, as long as you are, depending on the dealer to get you approved.

Many people think that if you have bad credit, must use the funds provided by the licensee. After all, the local bank will not give you the right loan? This is a common mistake that can cost thousands of dollars in financial expenses scandal.

Let me fill a little secret ...

Car of marked price of the car. Everyone knows that. Did you know that even the signing of an interest rate? Yes, they do. Consider an application for credit from banks. The lender in response to an offer. It is said that they agree to be 9%. Guess what? The merchant, knowing that you know you have bad credit that you are trying to get approved for 12%. 3% of the difference has to be something other than a non-profit, finance director is paid a commission. I believe that to pay for this ... you. Your payments will increase by 10, 20, 30, 50 or even $ 100.00 a month just because it marked a concession rate.

The truth is this. You can buy a car with bad credit without money in hand, and the fall in interest rates, simply avoiding the dealer finance department at all. If you know where to look and prepare your own funding (yes, you do it every day), you can dare to walk into a dealership agreement, the car you want to take a number of finance for you and preapproves control dealer . This puts the power to negotiate a price advantage.



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