One of the easiest loans to get is a used car loan as your car is mortgaged against the loan you have taken. Getting a car loan with bad credit is possible as many moneylenders offer this types of loan against car guarantee and if you fail to reimburse than they have right to sell it to get their money back. These types of loans are usually taken by people having poor credit history. Ways to get bad credit auto finance are:

Online moneylenders

Always search for moneylenders online for a bad credit car loan as there are many of lenders providing loan at very low rates against your car. Search for as many lenders possible to get the best deal. Analyze loans offered by different money lending agencies, look for one who offers low interest rates, gives you a significant loan, number of installments to repay loan and specifically have no hidden cost involved to reduce your loan cost.

Have good payment records

Before wishing to get a used car financing you should have a good payment record for past few months. This greatly increases your chance of getting a loan. Money lending agencies looks at your past records before giving you loan. On time payment records enhances lenders trust on you and helps in getting a quick loan against your car. If you do not have a good past record in making timely payments than you really have to convince a lender to approve loan, but chances of it are very less.

Have a loan of lesser amount than car price

Lenders will readily provide you a bad credit car financing if you want a loan of lesser amount than your car price. This ensures that even if you do fail to pay back they can recover money they owe you by selling your car.

Go for a Used Car

In this troubled times, rather than buying a new car go for a used car as they are cheap. You can easily get loans of fewer amounts and there are many lenders providing used car loans. So used car is a better option when you need bad credit car finance.

For more info : http://www.carloansrighthere.com/no_credit_car_loans.php