Alternatively, you can try a buy here pay here dealership. Oftentimes, these dealerships won’t even check your credit. But even if they do, they’re likely to approve you. Be aware that these dealerships charge exorbitant interest rates, sometimes in the 15% to 25% range. This isn’t ideal, but if you can pay the loan down early and refinance in about a year, it’s an option.
Another choice is to get a cosigner. If you can find a family member or friend with good credit to cosign for the loan, you’ll increase your chances for approval, and you might even get a better interest rate.
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