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Buying a Car with Bad Credit Lebanon 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.

Hough Auto Sales
22399 Route 66
Lebanon, MO

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Glen SAIN Chevrolet Cadillac
(573) 888-1972
1607 Independence Avenue
Kennett, MO
Services
Fuel Injection Repair,Radiator Repair,Auto Dealers

Huberts Ford Sales Company
(417) 993-5511
Highway 65
Urbana, MO
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Clark Chrysler Dodge
(573) 346-2293
1358 N Business Route 5
Camdenton, MO
Services
AC and Heating Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Van Dealers,Auto Dealers

Chris Auffenberg Chevrolet
(314) 965-0833
1000 N Kirkwood Road
Saint Louis, MO
Services
SUV Repair,Truck Service Station,Auto Dealers

Lewis Used Cars
(417) 532-9697
2134 S Jefferson Ave
Lebanon, MO

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Blackwell Baldwin Ford Lincoln
(573) 785-6484
801 S Westwood Boulevard
Poplar Bluff, MO
Services
Alignment Repair,Engine Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Blue Ridge Mazda
(816) 358-6500
6824 Blue Ridge Boulevard
Raytown, MO
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

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

Royal Chevrolet Buick Pontiac GMC
(816) 380-7325
1901 N State Route 291
Harrisonville, MO
Services
Clutch Repair,Radiator Repair,SUV Repair,Tune up Repair,Auto Dealers

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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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