"Can the dealership help someone with bad credit get a car loan? "

"I have horrible credit, but I need to buy a car. I was recently denied pre-approval from my bank, but the salesman at the dealership swears he can get me financed. Is he being honest or just wasting my time?

"

Answer provided by
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Johnny Puckett
Answered on May 05, 2021
“Dealerships usually have many lenders that they are used to working with, and in fact they can get financing for a customer who would otherwise not be approved for a loan.
However, if your credit is as bad as you make it sound, you might not want to finance a car as your interest rate will probably make your payments unaffordable. If possible, consider buying a cheap used car with cash. “
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