While it's not impossible to refinance your car loan after a late payment, it's very difficult if your currently behind on your payments.

You usually have to make a down payment when taking out a bad credit auto loan, and you typically have three main ways you can put money down.

You can make a $500 down payment on a bad credit auto loan if it meets the lender's requirement. Lenders usually ask for a down payment, but the amount varies.

You can remove a bankruptcy from your credit reports if it's incorrectly listed. To do this, you have to file a dispute with the reporting credit bureau(s).

Getting a private party auto loan is more difficult with bad credit. Lenders that offer loans for private sales usually only work with good credit borrowers.

Getting a car loan with bad credit isn't easy. If you tried already but were turned down, you should apply again with a qualified bad credit lender.

You typically can't finance a rebuilt or salvage title car because lenders often require any vehicle you're taking out an auto loan for to have a clean title.

Despite what you may believe, you have several auto loan options even if you have bad credit. Here are the different types of lenders you could apply with.

When you're dealing with less than perfect credit and need a car loan, bad credit lenders have personal, vehicle, and loan requirements that have to be met.

How much of a down payment you need on a bad credit auto loan depends on the lender's requirements, but making one helps you save money in the long run.