Has anyone applied for car finance with bad credit? Are car companies strict with finance and credit checks?
Most Helpful Guy
If you make a big deposit, it's not as much as if you get it on finance alone. In my opinion it's alright to finance about 20-25% of a cars price. Any more than that is fucking stupid. Cause the thing is worth at least 1/3 less as soon as you drive it off the lot.
There are ways around it if the motor company won't give you a finance deal, like getting a loan from your bank or another lender and that way you can shop around for the best interest rate.
Some car companies offer good deals on finance though, you just have to ask. You can also often haggle with dealers because they want to make a sale so you can haggle the interest rate down.
I saw they're selling Toyota incognito RZ at 0% finance. You should look into it.0