It can happen to anyone, you've had some bad luck and gotten behind on some payments and now your credit score is low. Now you've got a car that's barely running and always breaking down and need a new one. The good news is that a lot of lenders will still give you car finance with bad credit.
More and more lenders are now offering special financing for people that have bad credit. Of course, you can expect to pay a much higher rate of interest on the loan than a typical loan and you may be required to have a co-signer that will guarantee the loan for you.
You may also be required to have a much larger down payment than you normally would if you had a good credit score. But, if the car is worth a lot more than you're paying for it, you might be able to find car financing with a small down payment.
It is much harder to get a loan approval with bad credit, but it isn't totally impossible. But, since lenders know that you have limited options in obtaining a loan, you can expect to have pay more. It's a good idea to check with several bad credit lender and see which one offers the best interest rate.
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