Buying a Car with Bad Credit Woonsocket RI

It's important to remember that the salesperson will try to sell you the highest possible interest rate. The higher the interest rate, the more commission she earns -- and the more you end up paying in interest charges.

Harbro Sales & Service Inc.
508-234-6767
PO Box 578
Linwood, MA
Classic Auto Sales, Inc.
508-429-5001
330 Hopping Brook Rd, Ste. 9
Holliston, MA
Mechanic Street Autobody
(508) 966-2886
179 Mechanic St.
Bellingham, MA
Harbro Sales and Service
(508) 234-6767
546 Providence Rd
Whitinsville, MA
Route 193 Auto Sales
(508) 949-7555
29 Worcester Road
Webster, MA
Harbro Sales & Service Inc.
508-234-6767
PO Box 578
Linwood, MA
Mechanic Street Motors
(508) 966-2886
179 Mechanic
Bellingham, MA
J and S Motors Inc
(508) 234-5666
278 Church Street
Whitinsville, MA
Clair Acura
(508) 660-1100
103 Providence Highway
East Walpole, MA
Tomassini's Driver's Choice Co
(401) 769-2400
494 Cumberland Hill Rd
Woonsocket, RI
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Buying a Car with Bad Credit



My credit record shows three late payments from my previous car loan. How many points over the current APR should I accept as a penalty for those credit blemishes? One dealer already tried to increase it 6 points!

It's important to remember that the dealership's Business Manager (the person who handles the dealership's financing) works on commission. And it's important to remember that she's trying to sell you the highest possible interest rate. The higher the interest rate, the more commission she earns -- and the more you end up paying in interest charges.

What they don't want you to know is that the interest rate she offers you may be negotiable. She'll point out to you that you'll have to pay a high interest rate because you are a credit risk. And she's right; you are. But that doesn't mean they can make a killing off of you. So if you feel that the interest rate they are offering you is too high, then protest. With that, she may lower the rate a bit.

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