How To Get Bad Credit Car Loan

Because some car dealers understand that mistakes can be made, customers can still get a car loan with bad credit. It is a little more difficult to get a car loan with bad credit but it is still very possible. One way to get a car loan despite credit history is to come up with a significant down payment. Not many dealers are going to turn down a deposit of at least 20% of the total cost of the vehicle.

The logic of putting forth this kind of deposit is that the dealer will not think you will want to lose such a huge investment. This will usually make lenders more generous.

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