Should you arrange for private auto loan financing when you have bad credit? The simple answer is yes, if you want to save money. Relying on dealership financing makes you the victim of high rates and limits your car buying options. By securing your car financing before you shop for a car, you get the chance to find the best available car loan. Limited Options With Dealership Financing Dealerships would have you think that there are very few financing options if you have poor credit. They let you pick a vehicle at what you think is a reasonable price. Then they turn around and charge you excessively high rates and fees to finance the purchase. Dealerships make thousands with these poor loans. With dealership financing, you don?t have the power to negotiate a better deal on your car or loan. You have to take what they give you, which isn?t very good. Take Control Of Your Financing To get the best deal on your auto loan, check out private lenders ahead of time. Use the internet to search across the country for lenders who are willing to work with your adverse credit rating. You can also request car loan quotes, so you can better compare lending companies. Without hurting your credit score, you can ask for estimates on a number of loan terms, helping you decide what is your best option in regards to loan terms. Getting pre-approved for your car loan also gives you more control during the car buying process. You can go to any dealership or person to purchase your car. Sellers treat you like a cash buyer since you have a blank check ready to sign over to the dealership or individual. So not only do you get a better deal on your loan, but also on the car?s price. Quicker Results Online Shopping for car financing only takes a few hours. And the loan application just takes minutes to complete over the internet. In just a few days, your application can be approved with a blank check and contract express mailed to you. For the savings you?ll see, time spent searching for online car loan lenders is well worth it.