A car loan is money that you borrow from a bank or a financial institution to help you buy a car. You have to pay back this borrowed money, usually with interest, over a certain period of time. Full definition
Although it is possible to get approved by some lenders for car loans with bad credit, you'll pay a premium in interest charges to borrow that money. (studentloanhero.com)
This is especially true for people with bad credit, that's why you'd better fall back on car loan lenders in order to obtain a good deal on bad credit loans. (badcreditloanservices.com)