With prices averaging more than $20,000 for a new vehicle most consumers need financing or leasing to acquire a vehicle. In some cases, buyers use "direct lending:" they obtain a loan directly from a finance company, bank or credit union.
In direct lending, a buyer agrees to pay the amount financed, plus an agreed-upon finance charge, over a period of time. Once a buyer and a car dealership enter into a contract and the buyer agrees to a car price, the buyer uses the loan proceeds from the direct lender to pay the dealership for the vehicle. Consumers also may arrange for a vehicle loan over the Internet.
The following is an excellent source for auto loans for people with an "Excellent" to "Less Then Peerfect" Credit Rating: AutoLoanSolutions
Here are several excellent car loan sources for people who have a "Poor" to "Bad" Credit Rating: AutoLoanSoup
The lenders above specialize in helping individuals obtain bad credit auto loans for the purchase of a new or used vehicle. Apply to them and compare. You're under no obligation to accept any of their offers.
Also visit my new website GreatCreditCardDeals.com to apply for a credit card. If managed properly it could eventually improve your credit rating.
If you're not sure what your credit rating is go to CreditReport.com.