system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: How can car dealerships on radio claim they'll accept payment from people with bad/no credit? Doesn't this destroy the idea altogether?
gpt
They usually use your job or your property as collateral/a form of credit. Sometimes the same types of ads will say this. "Bad credit? No credit? Your job **is** your credit!" Basically, you will be approved for an extremely high interest rate and if you don't pay, they'll automatically deduct missed payments from your paycheck at work.