CarLoans123.net : If you have a bad credit history or a low credit score, it might be hard for you to get an affordable auto loan. But it turns out that there are many ways to afford a used vehicle, and many methods of financing it. If you have bad credit or no credit, you may still be able to qualify for a car loan. Since the automobile is the security for a car loan, many institutions are willing to offer financing to those with limited or imperfect credit histories.