A lady friend that I have known for a long time wants to buy a car....so she went to a Dealer and thought the prices were too high on the new one's...so she looked at the used one's..with low mileage ...her credit suffered some when her husband died....she found one that she likes for $17,000 and has $9000 to put down and can make payments on this car. she would have to finance the balance...the sales person says that his credit manager is trying to get her financed....but never calls her..she says that she always has to call him and gets a run-a-round......any suggestions on how to get financing...or suggestions on what she should do? "O" Wise One is not wise on this one.
2006-08-18 04:04:31 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Have her go to the same dealer that has the car she likes and talk to another sales person... or better yet, the sales manager. If she has $9K to put down on a $17K car... she shouldn't have any problems in purchasing the car. Make sure the dealer doesn't give her a crappy high interest rate because of her credit. It's a big scam especially with smaller dealers.
2006-08-18 04:15:01 · answer #1 · answered by MadMaxx 5 · 1⤊ 0⤋
That's a big down payment not to hear back yet. She should talk to the GM directly and find out what's up. She could check with her bank also. Dealers are not crooks. They do make some money from finance companies, but many times they'll get you as good a loan as your bank, if not better. They deal with huge finance companies like Chase.
2006-08-18 12:57:28 · answer #2 · answered by Papa John 6 · 0⤊ 0⤋
She needs to call and talk to the used car manager directly. If she gets nowhere with him go to the general manager. Sometimes people don't always get the financing like they think they will and it takes a week or two to find someone that will pick up the loan. That doesn't mean that they should give her the run around though. Honesty about a sitation works wonders. She should call the UCM or GM and let them know that and request that someone let her know. If she can't get any info from either one of those two, cancel the depost and move to another dealership.
2006-08-18 11:13:35 · answer #3 · answered by wldathrt77 3 · 0⤊ 0⤋
Avoid using the car dealership. But if her credit sucks, she'll have a hell of a time using a bank. Can she use equity from her home?
2006-08-18 15:14:02 · answer #4 · answered by MC White 2 · 0⤊ 0⤋
never get financing with a dealer unless its your last resort, go to a credit union or bank, dealers are all crooks, that me be an overgeneralization, but its best to think of all of them as crooks because the ones that arn't are so rare you might as well forget about finding one
2006-08-18 12:17:14 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Have her check with her bank. She'll get a better rate with her bank then she ever will with a dealer
2006-08-18 11:09:40 · answer #6 · answered by radd976 2 · 1⤊ 1⤋
have the bank fin it for her, she can give the bank her $9 grand and she can start building her credit rating again.
2006-08-18 13:05:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋
tell her to see how much is safe to use. and tell her to plan it all out . that would help!
2006-08-18 11:11:44 · answer #8 · answered by alya-nika 3 · 0⤊ 1⤋