How do guarenteed credit car dealerships really work?
October 31st, 2009
Me asked:
I would like to buy a car and need the credit approval. Going to a guarenteed credit car dealership is my only choice. What exactly will it take to be approved and how does that work?
I would like to buy a car and need the credit approval. Going to a guarenteed credit car dealership is my only choice. What exactly will it take to be approved and how does that work?
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2 Comments Add your own
1. Wesley P | November 1st, 2009 at 6:42 pm
Most any dealership can give you a guaranteed approval, its just how much you’re going to put down. My fiance went to a dealership like that, and they wanted $3000 down on a $4000 car. Also, some places will sell you a junk car for say $500 down and $150 a month. Well, the car is probably only worth $500, so they dont worry too much.
2. Bob | November 4th, 2009 at 9:16 pm
Try Carmax as long as you have a steady source of income and a fair credit history. A friend of mine had credit scores in the mid 500’s and they still gave her credit; her down payment was $20. Carmax has much better inventory than the “guaranteed credit car dealership.”
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