How to Get an Auto Loan for Bad Credit
Having bad credit does stink, but if you're looking to purchase a new, or used car, you're probably going to need a loan. Here's how you can get a loan with bad credit.
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Instructions
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Get a copy of your credit score. You're going to want to know your score, before you go out, and apply. If your score is too bad, you may not want to waste your time.
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Contact three to five local banks online, or in person. Tell them your situation, and see what they can do for you. If all 3-5 deny you, you may want to look at other alternatives.
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Find dealerships that specialize with bad loans. If you do decide to go with a car company like this, make sure that you read the loan over clearly. You will find that some will try to rip you off in terms of interest.
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If all else fails, you may want to get a loan from a relative, or family member. Make sure you write up a legalized document, and make it known to them that you'll pay them on time.
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Tips & Warnings
Search out a few banks.
There are banks for everyone, it's your job to find them.
