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Post Snippet: If you have poor credit expect to use money down to increase your equity position. Car financing companies base their car loan approvals and interest rates on the risk perceived with the transaction. People that have enough cash money down to pay for the taxes, title and registration fees, and the car dealer markup over the invoice or wholesale value, have a much better chance of getting approved for car loans. In other words, if you want to buy a used car with no money down and poor credit, chances are the car financing company will decline your request. Most lenders are not willing to take the risk of lending people with poor credit the retail value of the car plus the tax, title, and license fees.
http://www.financingcarloans.com/finance-companies/poor-credit-car-financing
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