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Do car dealerships give you loans even with Bad credit?

I want to get a new car so bad, but my credit is not that good. I've heard people say that they got a loan and they said there credit wasn't good.

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phoenixjuelz

Asked by phoenixjuelz at 9:53 AM on Jul. 28, 2010 in Shopping

Level 6 (140 Credits)
Answers (11)
  • It depends on how bad your credit is. You might need a co-signer.
    katrinad

    Answer by katrinad at 9:55 AM on Jul. 28, 2010

  • You can get a loan you will need a down payment and your interest will probably be really high.
    Claudiomom

    Answer by Claudiomom at 9:56 AM on Jul. 28, 2010

  • Also they might charge a higher interest rate. I know deslerships in our area will advetise to ppl with bad credit twice a year or so.
    MS5909

    Answer by MS5909 at 9:56 AM on Jul. 28, 2010

  • I have a trade in too, and i will be putting a down payment. But will they do it with my credit being bad if i have things things, money and trade in?
    phoenixjuelz

    Comment by phoenixjuelz (original poster) at 9:57 AM on Jul. 28, 2010

  • They might. There's only one way to find out. Good luck.
    katrinad

    Answer by katrinad at 10:06 AM on Jul. 28, 2010

  • I know around here the slogan is if you work you ride bad credit no crdit they give you a loan but I have no idea how much or anything. I know some car dealerships don't at all. GL
    Moms_Angels1960

    Answer by Moms_Angels1960 at 10:14 AM on Jul. 28, 2010

  • Thanks!!!! I feel you there's only one way to find out. lol. I'm gonna check but thanks for the info.
    I just didnt want to go down there and get a BIG Denial. But what can i lose
    phoenixjuelz

    Comment by phoenixjuelz (original poster) at 10:17 AM on Jul. 28, 2010

  • Taking out a loan for a car is kind of foolish; cars lose value so quickly, you will soon owe more than the car is worth. Buy a used car, with whatever you can afford. Keep saving, and trade up in a year, or so.
    rkoloms

    Answer by rkoloms at 6:10 PM on Jul. 28, 2010

  • Here are some helpful tips you might want to consider. GL

    musicmom08

    Answer by musicmom08 at 6:05 PM on Jul. 29, 2010

  • Yes they will, but you will probably get a very high interest rate=big payment.
    BandME

    Answer by BandME at 10:33 PM on Jul. 30, 2010

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