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Is it possible to buy a used car at a used car dealership that sells used rental cars with zero money down while also having poor credit?
11 Answers
- Anonymous2 years agoFavorite Answer
The only way that might even be possible is if you have had your job for a very long time and you make decent money.They will have a place to garnish your wages from in the event of a default/
Many dealers do either bad credit or no money down, but not both at the same time
- ?Lv 72 years ago
Yes.
What you will be dealing with is typically referred to as a 'buy here, pay here' place. As long as you have a source of income, they will sell you the worst possible car, at the highest possible price, with the highest possible interest rate - resulting in a massive car payment (most of which will go towards interest). (Oh, and you'll have to maintain full-coverage insurance on it as long as it is being financed).
As with all used cars, it will be sold 'as is', meaning that when (not if) it breaks down, you'll be responsible for ponying up the cash to fix it.
They may also require you to have a GPS location device in the vehicle, so that when you fail to pay your exorbitant payment, they can easily locate, and repossess it.
- ?Lv 72 years ago
Anything is possible, Skippy... Maybe you should ask your mommy. She's probably smarter than you.
- ?Lv 72 years ago
If that were possible, you'd have deadbeats buying cars and just driving them for 2 or 3 months until they are repossessed, never making a single payment.
A hefty down payment reduces the likelihood of this happening. Lose the car, lose your down payment too.
- ?Lv 72 years ago
You have to be kidding, David. You think a rental agency dealership is going to extend a loan to you with "zero money down while also having poor credit"? No chance in hell. Why would they take such a risk? They simply won't.
- Jay PLv 72 years ago
Possible? Absolutely.
But just because it's possible doesn't mean it's probable...
- Anonymous2 years ago
About the same chance as a snowflake in that proverbial hot place.
- ?Lv 72 years ago
No. And its a silly question.
The only possible exception might be if you did your tax return with the dealership and signed over a large refund to them.
The fact that they sell rental cars has ZERO relevance.
Nobody anywhere with poor credit can buy with zero down.