How large of a car loan can I obtain with bad credit?
Loan amounts start from $2,000 and can go as high as $30,000 and depend on several key factors. These include, how high your down payment is, how much your borrowing power is (based on your current income), and how risky client lenders see you as.
Are there any additional costs when applying with bad credit?
Some banks and lenders require monthly fees and application fees to process a bad credit car loan. Monthly service fees are usually below $10 a month and application fees are one-time payments and can start anywhere from $200 up to $570.