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What is the difference between Prime lending and Special Finance or Subprime auto loan?

April 26, 2017auto loan difference Finance lending Prime special subprime

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What is the difference between Prime lending and Special Finance or Subprime auto loan?

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Prime lending is for people who have excellent credit, with no recent dings on their credit history. Special Finance, also know as Subprime auto loans, are granted to people who have less than perfect credit.