You want to go for a used Chrysler car to buy option due to the fact that you cannot afford spending a high amount on a new car. The good news is that you can get competitive car loan interest rates if you have a good credit score and have no liabilities. This is to lend confidence to the lender about your repayment capacity. You can thus enjoy the benefits of a car without having to unduly stretch yourself to make the repayment.
In case your credit score is not very high and you have liabilities that need to be settled, be prepared to put up a collateral so that you continue to get the advantage of cheap car loan rates. The vehicle itself can be the collateral. You must however make the monthly repayments on time without any default as the lender would have the right to seize the vehicle.
If you have spare cash, then make a down payment so that the liability on the monthly repayment is further reduced. The idea is to make the monthly repayment obligation as less taxing as possible.

published: 17/03/2010