If you are actually looking for financing to get a car loan, then you might want to consider looking some place else.  These types of buy here pay here car lots do not provide individuals with an actual car loan, but most individuals do seem to think that the way they do business is real financing.  The actual type of business or agreement that the individual and the car dealership have between one another is that the car dealership holds car title until the individual has actually paid the car off completely.

However, that is not all that there is to this type of agreement.  This type of car dealership always requires a down payment, because they will not risk an individual leaving their lot with one of their cars without some form of down payment to cover their investment.  Most of the time, the down payment on these cars are a bit more than what the car dealership has actually paid for the car to begin with. 

The payments that the individual makes each month to the car dealership is simple an extra profit them overtime.  Those payments are a lot more than should be paid for these types of cars since the majority of them have high mileage and are usually heavily overpriced to begin with.  An alternative is to use an on-line loan company to seek financing, which will offer better rates and little to no money down.  If you are serious about needing approval for a car loan, then there are some great finance companies on-line that specialize in helping individuals like yourself.