What are the financing options when buying a car if you have bad credit?

In: Car Buying, Auto Loans and Financing, Used Car Buying [Recategorize]

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There are places around that will finance you when you have bad credit. Most dealers will offer second chance financing, some even run commercials on the radio offering to finance you no matter how bad your credit is. Drive Time is a national chain that specializes in only these deals.
The fact is that you will pay a high interest rate to compensate for your lack of credit worthiness, and the amount you can borrow is limited by how much you make versus what you pay to live per month.

First answer by Ganderton. Last edit by Ganderton. Contributor trust: 1903 [recommend contributor]. Question popularity: 15 [recommend question]

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