Bad Credit Car Loans FAQs

Cars lose value quickly once you drive them off the lot, making them a depreciating asset. As a result, gap insurance is a type of top-up insurance.

Indeed, gap insurance covers the amount left on your car loan if your car is totaled in an accident. It pays the difference between what you owe and the car’s value. This can help you avoid financial loss in case of a total loss situation. For this purpose, gap insurance is an optional policy to your comprehensive car insurance.

 

 

 

April 22, 2020

What is gap insurance?

Cars lose value quickly once you drive them off the lot, making them a depreciating asset. As a result, gap insurance is a type of top-up […]
April 22, 2020

Can i get a car loan pre-approval?

Yes, in fact, we advise obtaining a pre-approval before buying a car. Indeed, you need to ensure you are able to gain finance approval so you […]
April 22, 2020

What are bad credit car loans?

Bad credit car finance is used to buy a car when you have credit defaults. Certainly, credit reporting and credit issues indicate risk factors with a […]
April 22, 2020

Are there upfront fees with car loans?

There are not usually any upfront fees with bad credit card loans. Usually, you need to give a deposit to the seller when buying a vehicle. […]