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Buying a Car with Bad Credit Amarillo TX

It's important to remember that the salesperson will try to sell you the highest possible interest rate. The higher the interest rate, the more commission she earns -- and the more you end up paying in interest charges.

Yamaha Motorcycles
(806) 373-3051
4413 E Interstate 40
Amarillo, TX
Services
Motorcycle Fabrication,ATV Dealers,Auto Dealers

Frontier Motors
(806) 353-6094
4033 Canyon Dr
Amarillo, TX

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Arenas Transmissions
(806) 374-2886
1720 S. Nelson
Amarillo, TX
 
Amarillo Windshields Unlimited & Glass Center
(806) 359-1618
4004 W 34th St
Amarillo, TX
 
Arenas Auto Service
(806) 331-2045
3809 Amarillo Blvd West
Amarillo, TX
 
AutoPartners Insurance
(806) 373-2700
800 Tyler (Corner Of 8th & Tyler)
Amarillo, TX
 
Driver's Edge
(806) 553-4452
5801 Canyon Dr Suite 1
Amarillo, TX
 
Midas
(806) 359-5411
4500 S Bell
Amarillo, TX
 
Calvin's Cars
(806) 374-2833
828 S Georgia St
Amarillo, TX

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Amarillo Truck Center Inc.
(806) 374-1033
2210 Whitaker Rd
Amarillo, TX
 
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Buying a Car with Bad Credit

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My credit record shows three late payments from my previous car loan. How many points over the current APR should I accept as a penalty for those credit blemishes? One dealer already tried to increase it 6 points!

It's important to remember that the dealership's Business Manager (the person who handles the dealership's financing) works on commission. And it's important to remember that she's trying to sell you the highest possible interest rate. The higher the interest rate, the more commission she earns -- and the more you end up paying in interest charges.

What they don't want you to know is that the interest rate she offers you may be negotiable. She'll point out to you that you'll have to pay a high interest rate because you are a credit risk. And she's right; you are. But that doesn't mean they can make a killing off of you. So if you feel that the interest rate they are offering you is too high, then protest. With that, she may lower the rate a bit.

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