With an auto loan being a secured loan, it's more likely that some lenderds will approve car loans for people with bad credit, for a new or used auto loan. The only difference for someone with bad credit is that the interest rate and fees will likely be higher - in some cases much higher - than for someone with good credit. Read more »
How To Get Bad Credit Auto Loans
Even with bad credit, you can find some lenders who do offer bad credit auto loans. Because an auto loan is secured with the car, lenders are a little more likely to take a chance than for unsecured loans. When the loan is "secured", that means the lender has a lien on the title to the car, until you pay it off in full. They can take the car back at any time if you do not pay according to the loan terms. Read more »