"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?


“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. “
Johnny Puckett
Answered on May 05, 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.

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