No problem. This will not hurt your chances of getting approved. In fact, this could
improve your chances of getting approved, since most bad credit lenders consider fixed
income as steady income. As long as you can prove that you're capable of paying and
that you have enough fixed income, you can get auto financing.
We cannot give you a definite number as interest rates are determined by a
number of factors. These include your credit score, your loan amount (how much you're borrowing)
and your loan term (how long you will repay the loan). What we can tell you is that our interest
rates are lower than others. Even the interest rates we offer for bad credit car loans are competitive.
The recommended down payment for a vehicle is 10 percent, but the amount you have to put down
depends on a number of things, including your credit situation as well as the vehicle you are
buying (i.e., new or used). If you qualify for a bad credit car loan, it would be better for
you to put more down to improve your chances of getting approved.