The short answer to this question is, yes, you should still be able to borrow money in order you buy your preferred auto.  However, as you might expect the longer answer includes a number of provisos which make the longer answer more like, it depends!

Firstly, in order to increase your chances of taking out car loans with bad credit you really have to be thinking about purchasing a car which is less than 5 years old.  This does seems nonsensical, as in order to purchase a newer car you will almost certainly have to borrow more money, but the lender doesn’t really care about that.  They only care that if you happen to default on your auto loan then they can recover some or all of what you owe from repossessing the car and selling it off quickly, most often at some form of auction.

Next, beware of the auto dealer loan deals.  They are rarely as good a deal as they seem.  Remember you are residing in the territory of need car loans with for people with bad credit.  You do not want to fall foul of the seemingly great auto loan deal advertised all over the dealers premises showing a really low rate of interest only to discover that a year or 18 months down the line the interest rates ratchets up sharply and you can no longer afford it.  Getting into more financial difficulty when you already have bad credit is something you really need to avoid.

That’s not to say that all auto dealer loan offers are bad.  Just don’t fall for the first one you see.  It may be good for the dealer, but not so good for you.  Look around.  Get some comparative quotes so you know what you can end up paying.  Try banks and credit unions for some idea of what they would charge you.  It could be really important that you do so.

Using car loans for people with bad credit can be really useful if you are also trying to repair your credit score.  Remember, if you take out a loan and repay it on time and in full then your credit score will lift.  This could make your life a lot easier.  Whilst car loans with bad credit are never going to be cheap they are also likely to be lower than unsecured loans so it may well be a worthwhile exercise and you get both a new car and to start the process of credit repair.