Buying a car with bad credit can be a daunting task, but it is possible. There are a few things you need to do to improve your chances of getting approved for a loan and getting a good interest rate.
First, you need to understand your credit score and what it means. Your credit score is a number that lenders use to assess your creditworthiness. It is based on your credit history, which includes factors such as your payment history, the amount of debt you have, and the length of your credit history. A higher credit score means that you are a lower risk to lenders and that you are more likely to be approved for a loan with a lower interest rate.