"I need a new car but I have a limited amount of savings and bad credit. Are guaranteed car loans real or is this just a ploy to get you into the dealership? "

I've been denied for loans several times now and a buddy of mine told me about guaranteed car loans, but I'm worried this could hurt me in the future.

Answer provided by
Johnny Puckett
Answered on Jun 10, 2021
“Financing is at lender discretion and more times than not a dealer does not have any control over who does and does not get approved for a car loan. However, that doesn’t mean that it’s just a ploy.
Some dealers work with so many lenders that they know where to look for financing and can get financing for people that would’ve been denied a loan at other dealerships. There is always a chance that you can be denied, though in which case the dealer may choose to finance the car in house.

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