Car Lots Approving Finance – Many Good People Turned AwayApril 28
Honestly, car dealerships refuse to approve many good people like you every day because they have bad credit. You have probably been conditioned to think that the only way you can get approved for a car loan is through a dealership.
You and millions of people seem to think that the only authority who determines your elegibility of getting approved for a car loan is a dealership’s finance department. Let me see if I can tell you something you don’t know about auto loans and car dealerships.
Car dealerships and especially buy here pay here car lots raise the prices of cars on their lot to make a profit. If you are approved for a loan with an interest rate of 8 percent, your finance manager will charge you 12 percent. The lending company wanted to help you but the finance manager won’t tell you that.
Did you know that your interest rate is nothing more than profit in your local finance manager’s pocket? I didn’t think so.
In fact, you will be paying an extra hundred dollars per month of unnecessary fees. Your finance manager pockets an extra thousand dollars in proffit. This practice reeks of unfairness and makes you feel like you’ve been swindled, right?
You don’t have to acceptthis unfair treatment. Use an online auto financing company that specializes in giving people like you a clean slate. You can be approved in minutes.
Online companies of this nature do not ask you for a down payment. They know you cannot afford one and you can set up monthly payments that you can actually afford. This is determined by your monthly income. Now you are free to buy a car within your means.
28 Apr 2010 | 4:09 am | Automotive
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