Ever read the fine print on other “bad credit” car dealers ads? Car dealers like A Better Way Wholesalers, Major World, and European Masters (who are BY FAR the worse,) seem to write EXACTLY what needs to be said to get a customer through their door. Just look at this ad for this immaculate Mercedes-Benz CLK350 I found on today’s Craig’s List. $295 a month, all credit approved, AWESOME! When can I drive it home?

Oh, wait… “Financing term based on 72 months, 3.9% APR. Payments exclude tax/reg. Subject to lender approval. Final payment& final APR will be determined by lender.”

So what exactly does all of that mean? Let me, an industry insider with 11 years of vehicle financing under his belt break it all down for you line by line.

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