When it comes to auto financing, Consumer Portfolio Services , has it down to a science. With a variety of payment plans and terms based on your credit level, you can find the perfect car loan solution.
Understanding Credit
Although the credit process may appear confusing, understanding the basics behind it is key to finding the right auto financing option for you. Credit scores range anywhere from 300-850, with lower scores indicating greater financial risk. Based on your credit score, lenders provide different loan options and consider applicants differently. Lower credit scores can make obtaining a loan more difficult, while higher scores can qualify you for better rates.
Auto Loan Options
When it comes to finding an auto loan, there are various types available for those with different credit situations. Prime loans are typically offered to those with good credit scores and backgrounds. On the other hand, subprime loans target