Can you convince a dealer to give you a loan if you have bad credit?

Can I convince a dealership to give me a loan even with bad credit? I have bad credit but I want to finance a car through the dealership. They already rejected my loan, but they said they can arrange a loan through some of their partners.

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Eric Schad
Answered on Jun 30, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“No, you probably won’t be able to convince them to give you a loan.
Lenders have a certain set of criteria that each borrower must pass to qualify for the loan, such as:
  • credit score
  • debt-to-income ratio
  • amount of loan
  • size of the down payment
If you don’t qualify because of bad credit, there’s no magic formula that allows you to convince the lender otherwise.
If you don’t get approved, you may want to go directly to the bank or credit union to see if they’ll work with you and cut out the middleman entirely.
The best thing you can do is work on building your credit.”
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