Am I guaranteed the funding, if I work at a dealer?
I work in a Lexus dealer and want to buy a new car. I get an employee discount with financing “at cost”, whatever that means … I have no credit history long enough to get funding from most dealers I checked, I wonder if I funding must be guaranteed by the dealer, I work less because I’m busy down there? Response does not
sweetiefreck
dealer look. the bank gives you the loan. They are not secured financing
I’ve been in the car business for 10 years.
Your dealer can get you a great price they will have to find a lender to approve you for the loan. If they have a good Finance Director he may be able to go to bat for you and make you more “real” to a lender but it’s still the banks call.