Is there a minimum auto loan?

Believe it or not, auto lenders want you to purchase a reliable vehicle. There’s typically a minimum financing amount of $5,000 on subprime loans. Often, if you’re looking for less than $5,000 and you have poor credit, a loan is difficult to come by. What is the least amount you can finance a car? Generally, …

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Is insurance more for a 2 door car?

While there are always exceptions, in general, the answer to the question, “are coupes more expensive to insure” is yes. The numbers show that you will pay roughly 18.7% more to insure a coupe when compared to a sedan. Are 2 door cars cheaper than 4 door? It depends on the type of car for …

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Can I get a 20000 car loan with bad credit?

You’ll generally need good to excellent credit to qualify for a $20,000 loan — though there are some lenders willing to work with borrowers who have bad credit. Can I get a car with a 500 credit score? According to credit reporting agency Experian, more than 21% of auto loans in the fourth quarter of …

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What is a decent credit score to lease a car?

According to NerdWallet, the exact credit score you need to lease a car varies from dealership to dealership. The typical minimum for most dealerships is 620. A score between 620 and 679 is near ideal and a score between 680 and 739 is considered ideal by most automotive dealerships. Can I get a car lease …

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Frequent question: Is ICBC The only car insurance in BC?

ICBC Basic Autoplan insurance is mandatory for all drivers in BC. It helps ensure that you and all British Columbians who own and drive a motor vehicle here are protected with a basic level of coverage. 2. You can choose to buy additional optional coverage offered by ICBC and other private insurers, like BCAA. Who …

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Does AAA Insurance have accident forgiveness?

AAA lets you purchase accident forgiveness as an add-on to your insurance coverage. If you buy this coverage, your premium price won’t increase after your first at-fault accident, as it typically does if you get into an accident. How much will my insurance go up with an at fault accident with AAA? AAA insurance rates …

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You asked: What if I lost my car insurance papers?

You can get the duplicate car insurance papers if you have lost your original policy document. All you need to do is download the policy from your insurer’s website or request your insurance company to issue you a duplicate policy document. What happens if I lost my insurance papers? Certain insurance companies do not issue …

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Can I borrow money from the bank to buy a car?

You can use a bank loan to purchase a car privately as well as from a dealership, because once the money is in your account, you can treat it like cash. If you’re thinking of getting a loan, use our Loan calculator to work out how long it would take to pay it off and …

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How long do I have to wait to refinance my car?

If this is your first time borrowing for a car, or you’ve had credit issues in the past, you should wait at least a year to refinance. This way, you’ll have time to build a good history of on-time payments. Most lenders require six to 12 months of on-time payments before they’ll consider a refinancing …

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