Is it really possible that the car dealership will finance me?

My boyfriend's best friend owns the dealership (inherited it @ age 22). I'm wanting a new small car @ 12k (Hyundai), and I said I would put 1k down. It's one of those "guaranteed approval" places.





Here's the problem, my credit isn't that great-but I just started a great job. So I don't have good credit or have much of a stable employment history. I'm also a full time student.





Do dealerships/banks really finance ppl like me? I don't want to get overly excited and take my paycheck to the dealership, just to get let down.

Is it really possible that the car dealership will finance me?
Hyundai will pretty much finance you if you can fog a mirror.
Reply:Yes, they will probably finance you, but the higher risk they believe you to be, the higher interest rate they will charge you. In some cases the dealers will have their own finace which sometimes is no interest, but the loan has to be paid within 12 months. But in most cases the dealers go through a finance company, or do it through a broker to find someone who will finance you. Make sure you check the interest rate, as this sometimes hidden pretty well
Reply:they are sales people and will work for you ---- at a price --- I have awful credit, but I got financing. I bought a 10k car and put down 7k. I financed the rest in an effort to restore my credit --- The hitch? My interest rate is 29% ---- yup they go that high and higher!

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