Having bad credit stinks, I know, but what happens if you have really lousy credit, and you have no down payments to supply?  What is it that you can do in order to get a car loan?  I know it can be tough, but I first want to tell you that you want to keep your head up high, so that you can that loan that you need.

Do you need the car?

The first thing that you want to ask yourself is if you truly need this car.  Do you really need this loan in order to get around?  Why I’m saying this is because you may find that you can borrow one from a family member, or maybe use the one you have if it’s working okay.  It never hurts to ask, because you can always use the car for a few months until you gather up some money, as well as build your credit score.

Apply at a dealership

Don’t be intimidated at a dealership.  You can head on in there, tell them your situation, and they will try to work somethings out for you.  What you will want to do is be honest, and see what they can get for you.  You will most likely have to fill out an application.  The only downfall to all of this is that you’re going to find out that your interest rate is going to be rather high.  Regardless, this can come down over time, as you work on your scores.

Test the waters

Again, people are so intimidated to try banks, and other financial services.  Try services like myAutoLoan that will do the dirty work for you.  It’s 100% free, and they will try to work something out for you.  Whether you need a used, or a new car, they will try their best to find something that’s best for you!

Go out there, apply for some loans, and see what works best for you.  What you’re going to find out is that there are a lot of people that are willing to work for you, because it’s going to be a win-win for both parties, I promise!