If you think your bad credit is a problem and a big hurdle in taking a loan for buying that dream car, then be assured that a loan is possible for your conditions. There are lenders who are solely dedicated for providing bad credit car financing so that you can buy any new or used car of any make and model.
Bad credit car financing is especially for those people who have late payments, payment defaults, arrears or county court judgments mentioned in their credit reports. So despite a damaged credit history you are able to buy a car through the loan. For your convenience, bad credit car financing comes in secured or unsecured options. If you require greater loan for buying a new car and willing to offer property as security of the loan then secured bad credit car financing offers you advantages like competitive interest rate on the loan. However if you do not have property to offer as security and require only smaller amount then you can opt for unsecured bad credit car financing. A disadvantage is that unsecured bad credit car financing carries high rate of interest.
So before approaching a lender you should be well prepared as to what amount of loan you require. Since bad credit car financing involves high rate of interest, you must first take rate quotes of different car financers and compare them for lower interest rate. You will sure come across a lender who is making business out of providing car financing to bad credit people at competitive rates. You can locate such lenders on internet. Also you must be ready to make down payment. The more amount as down payment you are willing to make, the easier it will be to avail bad credit car financing at better rate.
Also note that as you clear bad credit car financing installments in time and regularly, it enables you in improving your credit scored substantially in some years. You thus are in much better position of taking a loan at better rate in future.
