There are some things you need to get through when you are trying to get bad credit car financing. It's better to know what you're doing then to walk blind into a dealership. You are who you are, and your credit is what you make of it. When searching for a loan, look for the best rate possible. Know that not all dealerships will work with you but having these three keys in your pocket will keep you on track. I am going to give you a map of the path to getting bad credit car financing, and the three things you need to know to get you on your way.

The first problem you'll encounter when you try to get a car with bad credit, is that many dealerships just won't give you a helping hand. They just won't finance you. Most banks have very stringent policies preventing people who have bad credit from receiving a loan. Be prepared to have a down payment of at least 10% before they will even consider saying yes to your loan application. Hold on tight, cause this is just the beginning of the bumpy road to getting bad credit car financing. You may be required to have 30% more of the down payment than what they would charge anyone else and on top of that, your interest rate would be astounding. Car dealerships that also offer financing assistance usually have the same regulations as the banks. But, some dealerships might be able to point you in the direction of a credit union. And credit unions may be able to work out a better deal than a bank or the car dealership themself. The members of a credit union are the ones who decide the policies and criteria required to receive a loan. Look into some small companies that make private loans. This is another option that may be beneficial to you in your current situation, and with your current credit level. You want to compare all your options before settling on the one that's right for you, so make sure you check out as many different loan options from as many different companies and institutions as you can before you purchase your new vehicle.

That takes us to the second key point to remember while trying to get bad credit car financing - finding the best possible price. It takes a great deal of time calling every bank or loan company in your area, trying to figure out which one of them can offer you the best price. The easy way to cut down your research time is to use the internet. You'll find lots of places online that can work with you, regardless of how bad your credit is. And you'll be able to get multiple quotes for free from a wide variety of companies, all at the speed of a mouse click. You may even discover new companies that you'd never have known about just by doing a search online. You might even be able to take advantage of a special offer with a company that usually doesn't give bad credit car financing loans. Get the best deal you can by letting those companies fight for your business.

The third and final thing you need to keep in mind when looking for a bad credit car loan, is that you are you, and you might have bad credit. If your credit score is downright awful, you'll just have to acknowledge that and work around it. If you've ever made late payments on anything or had to declare bankruptcy in the past, your credit score will probably not be so hot. Large companies are more likely to report you for making a late paymen and they'll report you very quickly. But smaller companies will often cut you some slack. You should never be late paying your utilities, credit cards, or mortgages. These are the things that impact your credit score the most. Even if you only owe less than a dollar, these companies will still report you. To prevent this from happening, try calling your creditors. Even if there's nothing they can do, it can't hurt to ask. In the end, if you need a car - as most of us do - you have to get the best car loan you can with the credit you have.

There may be some major obstacles trying to stop you from getting the bad credit car loan you need. But with a little persistence and some hard work, you can make it happen. Try to go with a company that specializes in bad credit car financing, and expand your search from there. There's a plethora of options out there for you on the internet. Always compare a number of loans in order to get yourself the best deal possible. And remember, regardless of how bad your credit score is, there are so many loan companies out there that you can find the right one for you and probably get a few of them to fight each other for your business. This means you'll get an even better deal than you originally thought! Now that you've got a good idea of what to do and what not to do when looking for a car loan with bad credit, you'll be able to get the car of your dreams.