Secure Your Dream Ride With Bad Credit Friendly Lenders
Real-World Examples and Pricing
Let's look at some real-world examples. According to Edmunds, the average interest rate for a bad credit auto loan can range from 10% to 20%, depending on the lender and the borrower's credit profile3. This is significantly higher than the rates offered to those with good credit, but it's a viable option for those needing a vehicle. Moreover, some lenders offer promotional deals, such as deferred payments for the first few months, which can ease the initial financial burden4.