Can people with bad credit really get a new car?

Yes but interest is like 29% and you will have to pay all the interest upfront on the loan. Even if you pay off early you have to pay all the interest for 5 years or whatever.

Yes it is easier to finance a brand new car over a used car. New cars usually have incentives and rebates, they use those as "downpayments" or to add to your needed downpyament. It's a numbers game. You will get a high interest rate. But here is the kicker, you get a high interest rate, you drive off the lot and the car loses a lot of value (especially Kia's (no offense Musicmom80)) and if you can't afford it or need to sell if for some reason you can't because you owe way more for the car then it is worse. After that, think about if you get in a wreck and total it. Insurance pays book value. Well if you owe more than book value, you are responsible for the amount leftover. GAP insurance is a must, but a lot of people don't realize that GAP only pays a certain amount of the overage of the percentage the vehicle was financed. So with the high interest and the depreciation you could still owe money AFTER GAP pays.

My payment is only $300 a month. And I did the same thing with my hubbys car before as well. So I have done this twice. Just go and find out. I went to a REGULAR dealership. Not these Car Hop and down on your luck joints that feed off your credit situation.

Um, speaking from experience. I have horse shit credit and just bought a brand new KIA soul and the interest wasn't any worse than my friend with good credit. I had no down payment, and they put me in a credit restoration program. And get this, I am being financed by the same company who repoed me the first time. So yes, you can. I did it in May.

My cousin had filed bankruptcy and was able to get a used car but her interest was very high making her car payment $600.

I have seen people get cars who don't have homes,, interest rate is really high, and most of the time it gets repoed,, then good luck getting a new car,, LOL

Yes, but the finance rate is like over 10%, maybe as high as 20%.

It's all about the interest.

Yep, the others are correct...they'll finance anyone for the right amount of profit. They will send you out the door with a sky high interest rate.

yes you can but your interest rate will be high if you dotn have NEW good credit in your favor