normal for auto dealers to charge 2k more on 5k car for high risk loans or was i being scamed, it legal?

went to purchase a car for 4995.. i had full amount buf offered half down in hopes of making payments to rebuild credit.. when i sat down to seal the deal on paper i saw the car was no 6995 and was told the extra 2k was to recoup the fee the bank was


I'd hesitate throwing around the word "scam" but I do agree it's shady. From what you've written I'd assume this is a "buy here pay here" dealership and those places are notorious for charging folks through the nose in any way they


It's a scam. For one thing, every fee should be it's own line item with an explanation. Not simply changing the price of the car.

Also, the bank would not charge THEM more because you are high risk, they will charge YOU more in the form

Study: Blacks pay higher auto loan rates As if we didnt know this already?

WASHINGTON - Blacks have been charged higher auto loan rates than other auto buyers, federal research says. But the gap in loan rates could narrow, and possibly disappear, as the result of recently concluded lawsuits.

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That is why they wont vote for any Republicans too. African Americans know what being discriminated is really like, they haven't ever really been given a fair shake. My neighbors that bought a home were charged over $20,000 dollars more than the House

Bad credit auto loans

www.buyherepayherenetwork.com is one of the only nationwide network of auto dealers that finance to people with bad,no credit, and even ...

Concentration Risk Assessments Open Doors

Never in the history of the credit union industry has so much emphasis been put on risk concentrations. There is no need to wonder why. High concentrations of certain risks are a major cause of credit union failures.

What is unique about our current environment is the number of risks that have materialized into losses during recent years. So it’s no longer just interest rate and default risks that are getting the attention of examiners. These days other risks are being emphasized with equal fervor, such as, collateral, liquidity, transaction, delivery channel and third-party risks, just to name a few. 

high risk auto loans - Bookshelf


Banking Systems
438 pages
Banking Systems

In the case of a high-risk individual borrower willing to accept a high loan ... Securitization can occur for any type of consumer loan including vehicle ...

Securitization of financial assets Securitization of financial assets

Although the type of asset (sub-prime auto loan versus high quality auto loan) and arguably the form of transaction (sale ...

Education redux, how to make schools relevant to our children and our future
190 pages
Education redux, how to make schools relevant to our children and our future

In addition to offering risky mortgages and credit card debt, lenders anxious to get a return on their money are writing high-risk auto loans. ...

How Can A High- Risk Creditor Obtain An Auto Loan? | Just Their ...

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If you think economic crisis will bar you from obtaining the car of your dream, you should think twice. Getting your dream car is easy with the help of automobile finance company. There are many auto finance companies online; hence; do not let the economic crisis prevent you from owning the car you want.

Although cars are among the most expensive things that a man can own, you still can have your dream car. If you have a poor credit history, there are auto finance investors who approve the car loans of those who are considered as high-risk creditors. However, you need to be diligent in searching for these companies. If you are experiencing the negative effects of your negative credit history, and getting your car loan approved is difficult, try to take into consideration the tips below.

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high risk auto loans - News


What Happened to Solar?
Let others take the high risk of bottom feeding; I prefer to wait until it's clear that a rebound is underway. This system got us into that profitable Renesola position last year and kept us from ever getting into Evergreen Solar even as it seemed

Concentration Risk Assessments Open Doors
Concentration Risk Assessments Open Doors The above example illustrates how this type of concentration risk assessment could sway ABCCU's strategic plans. Before the assessment, ABCCU may have been bearish on unsecured loans because of the high default risk. Auto loans may have not been

Bank Risk Managers Foresee Years of High Foreclosures, Low Prices
Bank Risk Managers Foresee Years of High Foreclosures, Low Prices When asked their opinions about the next six months, a large number of survey respondents indicated that they expect delinquencies to rise on auto loans, credit cards and student loans. Auto lending had been a bright spot in FICO's previous quarterly

How Private Party Car Loans Will Save You A Fair Bit Of Money
A auto loan with no cosigner would allow the ability to get yourself vehicle. It is important to keep in mind though that due to the potentially high credit risk that you are, the car loan will typically have to be paid off in a shorter length of time

Asset-Backed Bond Market Revs Up As Safe-Haven Favorite
The supply of asset-backed securities--bonds backed by the payments on auto loans, credit card balances and other consumer debt--is likely to remain high through year end, analysts said, aided by strong demand from risk-averse investors.

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