The car I was hoping to get is about $18,000. But, Im not sure who would give me an auto loan for that much money considering that I have bad credit
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No matter how bad your credit is, there are always lenders who will give you a loan. The only problem is the exorbitantly high interest rate you will be charged, since the rate is tied to your credit worthiness.
Bad credit, and you’re wanting to buy a car that costs $18000… Sounds like a great way to dig yourself into a deeper hole.
The much smarter thing to do is go for a much more modest vehicle and finance it through a local used car dealership. There are still a number of these dealers that advertise “We Finance It”. Yes, the interest rate will be higher, but you’ll have a more affordable vehicle and if you pay your bills on time will help to repair your credit rating.
Auto finance is what I do for a living and bad credit loans are still out there.
You need to find a large dealer that advertises Special Finance and go talk to the Manager they will be able to help you.