 TITLE: How to Get a Car Loan With Bad Credit CONTENT: Additional Tips for Getting a Car Loan With Bad Credit\n------------------------------------------------------\nIf you need a car immediately and don't have time to improve your credit scores before applying for an auto loan, here are some alternatives that might help.\n1.  Get a cosigner. A cosigner is a person that agrees to apply for a loan with you, and is equally responsible for making loan payments. Cosigners typically have established good credit and give the lender peace of mind in situations where the primary applicant has less-than-perfect credit history. If you end up missing payments or defaulting, there will likely be credit consequences for both you and your cosigner.\n2.  Increase your down payment. The bigger your down payment, the more likely it is you'll get approved for a car loan. Down payments not only reduce the amount you have to borrow, but having some skin in the game shows lenders that you're serious about paying off your loan.\n3.  Choose a cheaper car. If you can't get approved for a loan, finding a less expensive car will reduce the amount you need to borrow. Even if your credit isn't good enough to land you a large auto loan, a lender may approve your application for a smaller one.\n4.  Look into second-chance car loans. These types of loans do exactly what they say and are meant to give people with bad credit a second chance. If you have been turned down for a conventional car loan, a second-chance lender will try to provide you with finance options you're practically guaranteed to get approved for. When choosing a second-chance car loan, be careful to pick a lender that's reputable and has a track record of positive customer experiences. These loans may be available through some credit unions and even large companies like Carvana have financing options specially designed for people with poor credit. These loans will almost certainly carry high interest rates and fees, though, so consider your options carefully. END