If you are about to take out a subprime auto loan in San Diego, you should think long and hard about that decision. Yahoo Finance has published an excellent new article about the dangers of subprime auto loans, be they in San Diego or anywhere else in the country.
When taking out a subprime auto loan in San Diego, you could be committing yourself to a costly loan that will take much longer than usual to pay back, preventing you from purchasing another car for many years. Some San Diego subprime auto loans now stretch for 7 or even 8 years—double the typical term of an auto loan 20 years ago. And San Diego subprime borrowers have both the longest loans and the highest interest rates. Read the rest of this entry »