Q: How hard is it to get approved by Ford Motor Credit?
My background. Two years ago I stupidly co-signed an auto loan for a friend who stopped paying. I took possession of the car and had it voluntarily repo'd and I ended up paying $4k to make the collection go away. However that mark is still in my credit report and I have 656 credit score. It is the only bad mark on my credit history.. ever.
I would really like to get a financing for my own new car. I have a steady job and manage my money well, Just that one bad mark.
I qualify for X-plan, would I be approved for a loan for a Focus TI? if so, what would my apr be? What about leasing Is that easier to get if credit is shot?