Types of alternative Credit
By: Ryan Meyers
Usually unsecured and based on the borrower's integrity and ability to pay
The rates are based on how good your credit is
Credit unions offer an average 2.24% APR on new car loans, and 2.54% on used cars.
The Bank of America Auto Loan is the best source for Auto Loans.
You can get auto Credit from Ollenburg Motors in Garner.
A customer might need this credit when buying a car or a truck.
Benefits for Auto loans
2.Once you have completed the term of your loan, you have no more payments to worry about.
Disadvantages for auto loans
2.After the financial cycle is completed, there could be increased maintenance costs due to the age of the vehicle.
3.Consider Federal and State Laws