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Posted in Auto Loans
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nola39

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I how a low credit score but need to obtain an auto loan, what are my options

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Cash is king!!! A low credit score means you will have to pony up some cash to buy a car. You will need at least 10% cash down. The lower your score, the more down you will need. Be prepared for a high rate too. All car dealerships have subprime programs to assist credit challenged clients. Make sure you take at least 10% cash down, your pay check stub or W2, a utility bill with your name on it, 6 references, proof of insurance, and your driver license. Good luck!

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