What is the interest rate on a “second chance” car loan? Thank you.?

Clarification: Does anyone know the percentage rate of interest? Would it be 13% to 21%?

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2 Comments at "What is the interest rate on a “second chance” car loan? Thank you.?"

Ms.MojoRisin December 27th, 2009 (#)

It really depends upon the dealer and you—your credit history and FICO score, your employment, etc. The better your history, the lower your interest rate will be.

It also depends upon the state. There are different maximum interest rates for different states.

Paola December 27th, 2009 (#)

Today every person has need of car, because it has become the necessary need for the people and status symbol also. If you have bad credit history or poor credit history and look for purchase a car, then it is very tough for you. Due to bad credit history, lenders are not keen toward

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