How to Get a Bad Credit Auto Loan

If you are searching for a auto loan then one of the first thing a lender is going to look at is your credit score to determine how much of a rate you will have. If you have bad credit then there are many options for you but the rate will be higher but you may be able to refinance at a later time.

Instructions


Step 1

First you need to go shopping for the car that you want so that you know what the total cost of the vehicle will be.

Step 2

Secondly you need to talk with a lender who is separate form the dealer so that you can find a bad credit loan at the best rate possible. This is usually better found form a lender not associated with the dealership.

Step 3

Finally it is important to know that you can always improve your credit and refinance you car at a lower rate of interest.