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"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?
"
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.
“
View full answer
- Gregory R.
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