If you are looking for car loans for people with bad credit the last place that you want to visit to obtain the loan is through the dealership directly. One of the biggest reasons that you want to avoid going to the car dealership for financing is because they do not have the resources necessary to obtain nontraditional financing for people with bad credit they only use traditional lenders.
With being limited on whom they use for their lending practices this means that the interest rates can be rather abuse for the person borrowing the money. Another reason that the interest rates are so high if you get financing directly through the car dealership is that the lenders are not going to be the only ones getting the money from the interest. In order to get the dealerships to offer bad credit car loans to people the lenders offer the dealers the incentive of receiving part of the money paid in interest, plus it helps both parties cover the costs associated with lending money and selling cars to high risk patrons.
Rather than going through the dealership you will want to contact the lender directly, this can often get you one of the best types of loans possible for somebody with bad credit. Depending on how much money you need to borrow you might even be able to qualify for signature loans, bad credit is acceptable with these, so they are not very hard to find. The key to getting the best possible loan is to know how much you need to borrow and borrow that amount, do not borrow more, even if you qualify for more because that is the fastest way to get in debt and overextend yourself with the monthly payments.
For more information also see signature loans bad credit.
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Very good advice. You will do much better by finding financing elsewhere than by going to the dealer. There are numerous financial institutions willing to offer fast signature loans to folks. They offer loans, regardless of your credit rating. But you need to be careful, sometimes the fees and interest rates can be steep.