Gaining a Clear Picture of Auto Financing with Consumer Portfolio Services
Consumer Portfolio Services is one of the most well known names in auto financing. The company provides individuals with the means to purchase a reliable and affordable vehicle, with their one-of-a-kind financing options and flexible payment plans. With the help of CPS, auto shoppers are able to navigate the tricky world of car buying and secure a loan which fits their needs.
A Look at Different Types of Loans
Auto financing can be broken down into two main types of loans: secured and unsecured. Secured loans require a form of collateral, such as the vehicle itself, and generally carry a lower interest rate. These loans usually have a longer repayment period, making them a good option for those who have limited credit or don’t have a large lump sum of money to pay up front. Unsecured loans do not require any collateral, but they are typically associated with higher interest rates. These loans tend to come with shorter terms, so they may be ideal for those who need to pay off their purchase quickly.
The Benefits of Consumer Portfolio Services
Consumer Portfolio Services offers a variety of benefits when it comes to auto financing. They specialize in helping those with less-than-perfect credit obtain a loan, and they also offer competitive interest rates and flexible repayment options. Additionally, CPS has an