Check Your Credit Rating
Before you begin looking for a car, make sure that you know your credit score. There’s always the possibility that your credit isn’t as bad as you think it is. If you do have a bad credit rating, check to see what you can do to improve it. It might be as simple as getting a mistake fixed.
Find a Dealer Willing to Work with Buyers who Have Bad Credit
Some dealers aren’t going to want to work with you if you don’t have a fairly good credit score. However, many dealers will be able to provide you with a variety of options. In fact, most dealerships will have numerous lending institutions that they work with, so finding one that will work with your situation shouldn’t be too difficult.
Poor Credit Typically Means Higher Payments
Unfortunately, while you’ll probably be able to get a loan for your new or used car, if your credit is bad, you’ll most likely end up paying more. Of course, you can still save money by choosing a shorter loan term, and avoiding the high cost of add-ons.