All Credit Accepted

[LadyKay]

Just a question. The car dealerships that advertise stuff like ," all credit types approved , past bankruptcy, repos okay ect ect". Do they really mean that? Would they really approve someone with bad credit ? I'm just looking around at options here. Is there anything sleazy I should know about places like these?

[TronRP]

In my experience, it means higher finance charges usually around 26-35% depending on the person's current finances. Other situations might include you to have a co-signer if you are considered high risk which may also include the attachment of an insurance that will cover the cost in the event you default on payments. (I used to have a friend in the dealership business )

[LadyKay]

Thanks for the info. After the truck got repo years ago. I promised myself I would never have another auto loan again. But these everyone approved credit can be tempting. With what you have told me I see that this may not be the way to go. And I should stick to what I said years ago.