David ? - Jan 4, 2011
lets start from the beginning, I applied for a car loan for a new car and was told I would be approved without question, so I filled out all my personal info with my credit info and submitted to south Chicago dodge and guess what I was denied right off the bat. So I called back and question the financial manager and asked why I was denied, he said he would have someone from sales call me back. Well I called her and they told me ""I was approved for ""$10000"" loan with a $5000 down payment, which leaves the question how can most poor people afford that type of payment, upon further investigation I found out there main finance company ""Credit Acceptance"" only approves loans for used cars and is mainly middle man in processing loans not the actual loaner. Overall avoid South Chicago Dodge there is no such thing as 100 percent approval on car loans there just fishing for certain types of customers with credit ratings higher the 700.
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