I have a 507 credit score, I know it's terrible. Do I have a chance of getting approve for Ford Credit?

I have a 507 credit score, I know it's terrible. Do I have a chance of getting approve for Ford Credit?

Auto finance is what I do for a living and Ford is pretty good at buying deep.

It will really come down to the structure of the deal and the risk. With a good size down payment on the right vehicle you have a chance.

New with huge rebates will help the structure.

Only with a cosigner and with a score like that I doubt if even a parent would be willing to risk it.

Doubtful - you are looking at buying from a buy-here/pay-here car dealership for quite a while.

Borrowing money for you will mean paying excessive interest rates, which runs up the price of everything you buy on credit. Your best course of action is to live with cash, not credit.

Not a chance in hell