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 »