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Can car dealership approve credit and two weeks later financing says not approved credit?
Picklepops
I had the exact thing happen to me with a Kia dealership here in FL. I'm still not convinced that it's legal but they lost in the deal. I had a new van to use for 2 weeks (which I ran to Georgia twice)and than when they got it back we had the hail storm. I like to think they got theirs.
Wiki User
∙ 18y ago
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What minimum credit score is required to get financing for a good used car?
Generally used car financing requires a credit score of 680 or higher to be sure to be approved and get reasonable rates. If you are obtaining financing directly from the seller/dealership and put down at least 25%, someone with a credit score of 650 should find success. If you don't, however, have the income to support the payments, you WILL be turned down.
Where can one receive financing for car credit?
One can receive financing for a car loan in many places. If one is purchasing the car at a dealership, the dealership most likely has a loan officer on site. Or one may be able to get a loan from their bank or credit union.
Can a dealership still finance you a car even though you have a low credit score?
Financing through a dealership can be acquired even if you have a low credit score. See an individual dealership for details. They can discuss options for your individual situation.
Where can one go to be approved for car financing?
One can go to be approved for car financing at a local car dealer and applying there. One of the most important things you will need is good "credit".
Where can a person with bad credit obtain financing for a car?
Usually the dealership can help you obtain financing. It depends on the price of the car, your credit score, how much money you make, how many years you were at your current job, etc.
Secured Auto Loans Financing For People With Bad Credit?
If you are a looking for financing to buy a car but your credit history is bad, it may be difficult to get approved for by the traditional lenders. However, this does not mean you cannot entirely get financing. With increased competition in the auto financing sector, lenders have come up with solutions for people with bad credit. To easiest way to get financing with bad credit is to provide collateral for amount you are borrowing. The common forms of collateral accepted include house equity, property and business shares. If you have collateral, you can easily get approved for a bad credit secured loan.
What dealership will finance a car if you have bad credit?
Most have a specialist that will try to arrange financing There are some dealers that specialise in poor credit, but you really pay for that.
What are the fees you have to pay when buying a car from a dealership?
Get fast approval for auto finance loan and Auto Loan Financing including bad credit auto financing. Instant auto financing loan provides financing for a new auto loan and used auto loan even if you have bad credit, poor credit, slow credit or after bankruptcy. Our bad credit auto financing programs is available in all 50 US stats in http://www.autofinance-ez.com/
How do private individuals qualify for tractor trailer financing?
You have to make sure that you have clean credit to get the best financing available. You can go to your local dealership and speak with them for more details about the filing process.
Are car dealers allowed to sell you a car without seeing your two paystubs or do they by law have to see the paystubs first?
Its not a law. Its a banks decision. The bank can approve a loan with the stipulation that they have proof of income and it must match the credit application. If the dealership is financing it then they can verify anything they want.
Does volkswagen credit provide financing for young buyers?
To get credit for a VW you could alwasy go through the dealership itself. Sometimes its better to purchase a new one when intrest rates a lower and you can get a better deal on new car financing.
Financing A Car Does Not Have To Be A Daunting Task?
Financing car loans can be a daunting task. Start by obtaining a free credit report to determine if a reasonable interest rate is obtainable. Very low credit scores indicate a high risk and creditors are unlikely to approve the loan or they will charge extraordinarily high interest rates that can resemble credit card rates. Second, verify that the car is priced at the absolute best price, including manufacturer rebates and dealership incentives. Financing car loans can be simple and quick. Contact banks or credit unions that one does business with in order to determine if they have competitive interest rates.
