Yes, car finance with poor credit can be more expensive than car finance with good credit.
Lenders consider poor credit to be a higher risk, and therefore they may charge higher interest rates, fees, or require a larger down payment to offset the risk.
Higher interest rates mean that you’ll pay more...
-
Yes, it is possible to get car finance with bad credit, but it may be more challenging and may come with higher interest rates and fees. Lenders will consider various factors when deciding whether to approve you for car finance, including your credit score, income, employment history, and other debts. If...
