If you have a bad credit score it may be difficult to pre qualify for a car loan with bad credit at a bank banks are for profit organizations and are usually more restrictive in who they lend to. Lets say youve made a few late payments on your bills perhaps you have a maxed out credit card or maybe you bought more car than you actually needed and couldnt keep up with the payments. There are car loans available for people with bad credit but you need to be careful when shopping for a bad credit auto loan to make sure you arent overcharged lets break down the art of getting financed for a car and landing an easy car loan approval with bad credit. Good dealers will usually put customers with bad credit into high interest loans but some bad credit specialists will stick you into deals that are virtually designed to fail miss one or two payments on such a loan and a bad dealer will be looking to repossess the car. Your credit history plays a major role in getting approved for a car loan as well as the interest cost you pay for financing your purchase unfortunately buying a car with bad credit is tough even if you have the income and a stable job history
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