| Typically, when you go into a car dealership with bad | | | | money one of their loan companies will lend for a |
| credit, you end up really confused as to what you | | | | particular vehicle based on loan value. Then, there's |
| can and can't buy. Dealers will tell you that based on | | | | their main interest, which is making a profit. If a |
| your credit history, you've only got a few options. | | | | lender won't lend enough money on the car for the |
| This usually includes an older car with higher miles or a | | | | dealership to make a good profit, they'll ask you for |
| low priced entry level newer model. It can get really | | | | a down payment to make up for the difference. It's |
| confusing when they start talking about interest | | | | not that you actually have to have money down to |
| rates and it seems that the interest rate is different | | | | buy a car, it's that the dealer needs it to make |
| on different models. To add to the confusion, down | | | | money. |
| payments seem to be a number that constantly | | | | You can avoid dealer financing altogether and get a |
| changes. You may be told that you have to put | | | | car loan on your own with no money down. You may |
| down $1500.00 on one vehicle and only $1000.00 on | | | | think that you can't, but you certainly can. All a |
| another. There just seems that no clear answer is | | | | dealership is, is a middleman for your car loan. When |
| available. | | | | you get them out of the way, there are more |
| Well, the fact is that car loans can be really | | | | lenders and opportunities available for you to get |
| complicated when it comes to car dealers getting | | | | special finance deals. |
| you financed. Dealerships have to figure how much | | | | |