CAN A DIFFERENT
NEW CAR DEALERSHIP
GET ME APPROVED
EVEN IF I HAVE ALREADY
BEEN TURNED DOWN
BY ANOTHER DEALERSHIP?

YES

CHANGING VEHICLE MANUFACTURERS
CAN HELP GET YOU APPROVED.
EACH VEHICLE MANUFACTURER HAS
THEIR OWN FINANCE SOURCE.
EXAMPLE:
GMAC, FMCC, CFC, TMCC, MAC etc.

EACH FINANCE SOURCE HAS ITS
OWN STANDARDS OF APPROVAL.
SOME MAY BE MORE LIBERAL THAN
OTHERS DEPENDING ON HOW BADLY
THAT PARTICULAR VEHICLE
MANUFACTURER WANTS TO
SELL VEHICLES.

ALSO

IT IS POSSIBLE TO GET APPROVED AT
A DIFFERENT CAR DEALERSHIP OF THE
SAME VEHICLE MANUFACTURER.

THE SECOND DEALER MUST
RESTRUCTURED THE DEAL AND
SUBMIT SOMETHING DIFFERENT THEN
THE ORIGINAL DEALERSHIP WHO
RECEIVED THE REJECTION.

MEANING, MORE MONEY DOWN,
SHORTER TERM, CO-SIGNER,
SWITCH TO A LESS EXPENSIVE
VEHICLE etc.

THE GOOD NEWS IS THAT WHEN YOU
ARE APPROVED AT ONE DEALER THAT
SAME APPROVAL MUST BE VALID AT
THE ORIGINAL DEALERSHIP. THE ORIGINAL DEALERSHIP IS NOTIFIED OF THE
APPROVAL AND RESTRUCTURE OF THE
DEAL.

THIS MEANS, IF THE DEALER WHO
RECEIVED THE APPROVAL TRIES TO
CHARGE YOU A REALLY HIGH INTEREST
RATE YOU CAN THREATEN TO WALK
OUT KNOWING YOU ARE APPROVED
AT THE OTHER DEALER.

PLEASE NOTE:
THE ORIGINAL DEALERSHIP MUST USE
THE SAME PARAMETERS THE SECOND
DEALERSHIP USED TO GET THE
APPROVAL. THOSE PARAMETERS
ARE SENT TO THE ORIGINAL
DEALERSHIP BY THE LENDING
INSTITUTION.