Originally Posted by
Graves
And the stealerships will lie and say you were denied to get you back in and give you a much higher rate or try to put you in a car they can make more money off of.
THIS!! When I was buying my Altima, Lokey Nissan tried to pull that shit, and I knew something was up. Luckily I ended up finding a deal on a pre-owned Altima and got a loan from my bank instead!
Here's a tip: Start small. Don't go and try to finance a $20,000 car. Get into something a little older and a little cheaper. Infact, if it's your first vehicle loan I'd stay less than $10,000. These days, banks are VERY wary about who they loan to. However, if you were to save up atleast 1/4th of the total amount of your vehicle and use it as a down payment, most banks will be more than happy to give you a loan at a decent rate.
Good luck!