Because auto loans involve less money over a shorter period of time - and a car is easier
to repossess than a house - the same credit score that might have put you in a subprime
mortgage loan could bring you a prime or near-prime auto loan.
Check your credit report and scores. Auto shoppers overpay for these loans because they think
their credit is worse than it is. Don't settle for whatever you can get.
Be smart about your credit while looking for an auto loan. Every time a lender pulls your credit
report, it creates an inquiry on your file. These inquiries can hurt your credit scores.
To avoid damaging your credit scores even further, limit your auto-loan search to a two-week