How Are Some Car Dealerships Able To Make You A Deal Regardless Of Negative Equity And Credit Issues?
Sunday, November 29th, 2009But other dealerships won’t even give you the time of day? I have had this happen just about every time I have purchased a car. The dealership will run my credit and tell me my score is too low, and that I need to have $4,000 to $5,000 down before they can do anything. I may walk into another one that will tell me the same thing. I wait a few days or a week later, go into another dealership and they are able to put the deal together. Most of the dealerships use the same lenders, so what is the problem? For instance, in May of ‘05, I purchased an ‘06 Isuzu Ascender. I traded in a car that my aunt had leased in her name only. Until I purchased the Isuzu, I had not financed a car in my name since ‘96. Before I got the Isuzu, at least four other dealerships told me they couldn’t get me financed. I went to an Acura dealership the other day to see if I could trade in the Isuzu. They told me I had too much negative equity and my credit score is low. But I have paid my car on time.