Getting a car financed when you have poor credit can seem like an impossible goal. The truth is that people with bad and poor credit get approved for car loans all the time. However, getting a vehicle financed when you have bad credit will be a challenge and will take some dedication and perseverance.
There are banks and institutions that offer vehicle finance for bad credit. The key to getting into the vehicle you need is finding the right institution that’s willing to finance you at an affordable and fair rate. There are many car lots that will finance buyers with poor credit so long as you have an income.
If you have a significant down payment, some banks and credit unions are willing to finance buyers with poor credit through special programs designed to help buyers rebuild their credit.