In the late 70’s and early 80’s, I saw a person get financed on a car with TWO (2) involuntary repo’s on their credit report. But the interest rate was eye-wateringly high.
SOMEONE will finance almost anybody if the market is allowed to work.
True. I’ve seen and heard plenty of car dealers ads who indicate that credit problems or bankruptcy are not a problem for them financing you.
“SOMEONE will finance almost anybody if the market is allowed to work.”
True. The way it works here in CA is 25% int rate is the “cap”. That’s why you see a LOT of “100% approval” notices. I get your down which is around %25, and get you on the int rate, dealership A makes money.
However, based on what he’s been telling me all year long. due to China virus, no repo outfit will go get the cars as they are liable to be sued in court, believe it or not. MOST times he called them to pay up (nicely), they would even LAUGH at them over the phone. True story.