Buying a car or truck usually involves some type of financing. The financing aspect of buying a car or truck is where a lot of car dealers make extra money. Many times the dealer will not try be interested in getting the customer the lowest interest rate and best deal. After all, the more they charge you, the more they make. So if the dealer thinks you will be happy paying 8% interest on your 4 year auto loan, he will offer that deal to you. Meanwhile, the customer really qualifies for a 5.5% interest rate but the dealer is under no obligation to tell them that. That extra 2.5% interest payment gets divided between the dealership, the car dealer, and the financing company as pure profit.
This happens all the time.
Regardless of your credit situation, auto and truck financing does exist for people that will not bleed them dry. Bad credit, no credit, first time buyer, no money down, only get paid in cash, it does not matter, there are auto loan financing options for nearly anyone in any situation.
This site will be devoted to helping people get a proper auto or truck loan and make sure they dont get taken advantage of when financing. A lot of people in bad credit situations take any offer they can get, regardless of how expensive it is. This is not a good decision to make. It is much better to take your time, do your research, save a lot of money, and get a proper car financing deal that will benefit everyone involved without taking all of your money in the process.
You CAN get financed for a car or truck and avoid being ripped off!
-M Petrone
