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Buying a Car with Bad Credit Joplin MO

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.

Carthage Ford Mercury Auto
(417) 358-4037
2920 S Grand Avenue
Carthage, MO
Services
Truck Auto Body,Auto Dealers

Ralph King Body & Frame Inc
(417) 623-7659
2010 W 10th St
Joplin, MO
 
66 Truck & Foreign Salvage
(417) 781-8160
3835 W 7th St
Joplin, MO
 
Tri-Star Auto
(417) 623-9000
3116 N Lone Elm Ave
Joplin, MO
 
Ed's Automotive
(417) 624-2600
1841 S. Central City Rd
Joplin, MO
 
Touch-Up Shop
(417) 623-3687
902 E 4th St Ste 110
Joplin, MO
 
Auto Glass Outlet
(417) 621-0020
2520 N Rangeline
Joplin, MO
 
Auto Appearance Plus
(417) 626-7587
1108 W 4th
Joplin, MO
 
Car-Mart
(417) 659-8474
3404 E 7TH St
Joplin, MO

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GM Customs
(417) 627-9099
5123 W. 7th
Joplin, MO
 
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Buying a Car with Bad Credit

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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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