exactly exactly How bad credit impacts your vehicle loan As a whole, a credit history that is 740 or maybe more gets you the most readily useful rate of interest on a car loan. For those who have great credit, you are in a position to get a car loan as little as zero per cent (yes, you read that right). You might be looking at interest rates as high as 20 percent or even close to 30 percent if you have terrible credit (lower than 580. That may soon add up to spending 1000s of dollars additional for a car with bad credit versus good credit. Loan providers wish to feel confident that borrowers will probably pay their cash right right straight back on
