My insurance adjuster is still investigating whether I'm at fault for a car collision (total loss, old loan will be completely covered and then some). If I go get approved for a new auto loan and get a new (used) car in the meantime will the new lender jack my APR way up if I'm found liable after the fact or is just the insurance that goes up? Can't find jack shit about this situation online anywhere but apparently it can take months for the insurances to find whos liable and I need a car for work. It just keeps giving me links to shit about GAP and the original loan/lender payments. State is CA if that matters
>>61860553>CAIf you're black, relax>workYou're probably not black so you're fucked
>>61860553On a more serious note, insurance and credit are two different animals. Both evaluate the risk of working with you but they do it differently and independently. Imagine if insurance risk assessment was factored in by credit companies when evaluating the risk of working with people. Nobody would have access to neither insurance nor credit.
>>61860553>will the new lender jack my APR way up if I'm found liable after the factNo. Your rate won’t change after the loan is signed.
>>61860553No they can't change it after the fact. Also I would only finance if it's the exact car you want and a promotional rate of 0-3%. Don't finance from the bank or muh credit union at 10% usury rates. And don't take a 0% promotional rate just to buy some electric junk car the government makes them sell. Try to get some middle ground (I would say base WRX but they stopped making the base model)
