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Buying a Car with Bad Credit Springfield 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.

Reliable Superstore
(417) 889-9000
3521 E Sunshine Street
Springfield, MO
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Truck Auto Body,Tune up Repair,Auto Dealers

Youngblood Chrysler
(417) 882-3838
3525 S Campbell Ave
Springfield, MO

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Rick'S Automotive, Inc
(417) 887-2225
2121 S Campbell Av
Springfield, MO
 
Five Star Motor Co
(417) 873-9555
660 S Glenstone Ave
Springfield, MO

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Autorom.com
(417) 882-8124
3389 S Scenic Ave Ste A
Springfield, MO

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Payless Auto Paint and Supplies
(417) 865-0226
2904 W Chestnut Expy
Springfield, MO

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Sunshine Auto Repair Service
(417) 881-2434
2754 W Sunshine
Springfield, MO
 
Springfield Brake Co
(417) 862-9233
1225 E Trafficway St
Springfield, MO
 
College Street Car Sales Incorporated
(800) 433-3243
2600 W College Rd
Springfield, MO

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Barker'S Frame & Collision
(417) 864-7872
3649 W Chestnut Expy
Springfield, 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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