Are the “finance anyone” dealerships legitimate or are they scammers?

I have bad credit but I need a new car. What are the pros and cons of financing through a place like this?

Answer
“More often than not, places like this are participating in what is called predatory lending.
The loans are designed with repossession costs worked in and typically never get paid off. They might be incredibly long loans and have high interest rates.
You would be better off finding a dealership or a private seller selling a used car for $5k or less and paying cash.”
avatar
Johnny Puckett
Answered on Jul 07, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies