Can you buy a new Toyota Yaris even with bad credit?

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ProblemSolver Rx

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I want to finance a Toyota Yaris but my credit is bad. I am in debt managment to correct everything...

I realize if you have bad credit they will ask for a down payment but what if I dont have a big down payment? Will they still finance me?
 
If you do not have a large down payment and a co-signer, you can pretty much forget the loan. The dealers are not so desperate to sell cars that they are willing to risk loaning money to someone with bad credit.

You may need to set your sights a little lower. Buy something used that you can pay for with cash.

Or, keep your current vehicle. Take the money that you were going to spend on payments and the additional full coverage insurance for this new car and put it into a savings account. In a couple of years you will have enough money for a substantial down payment on a new car. If you can not afford to put this money into savings, you can not afford this car.
 
Who told you you could? If you are in a debt management program, you may not be able to obtain additional credit while the plan is still active. You should check with whomever is handling your plan for more information.
 
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