"Can I get approved for an auto loan on a Dodge Charger if I have bad credit? "

"I've found a 2012 Dodge Charger selling for $15,000. The dealer couldn’t work out financing for me, so I applied for a loan through USAA since I’m in the military. They approved me for $12,000, but I need a cosigner. Are there any lenders that work with bad credit?

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Answer provided by
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Johnny Puckett
Answered on Apr 26, 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.
“Yes, you can probably find a lender that will give you a loan for $15,000, but the interest rate is going to be so high you will likely change your mind about buying the Charger.
Your best option is probably going to be finding a cosigner and coming up with the difference in cash. Or you can negotiate the price of the car down or buy a cheaper car altogether.
If you do decide to go with a high-interest loan, you can usually refinance later on to reduce your payments. “
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