Financing a car with bad credit can get quite a bit confusing to the average person that doesn't spend every waking day of their life processing car deals at a dealership. There are so many different terminologies that are used when a dealer or finance manager explains things to you that it can be thought of to put you into a daze. Dealers call it putting someone under "ether", or getting the "ether" up someone's nose. Basically, they try to confuse you with loan and finance lingo so you just get too confused to negotiate.
People that are looking for financing for a car with bad credit, often get themselves into the trap of thinking that they are lucky to get approved. This is a game that a lot of dealerships play with people. They remind you of just how aweful your credit is, by asking you questions about every late payment and collection account that you've ever had. This gets you to thinking that your credit is worse than it really is or that getting approved for financing is going to be really, really hard. This makes you also think that if you do get approved that you better take the opportunity because the dealer worked "so hard to get this done". Believe me, the hardest that they work at getting you approved is simply sending a fax and maybe making a phone call to a lender to see if they can get more money loaned on the vehicle so they can make more profit and sell you the vehicle at a higher price.
Financing a car with bad credit is so simple if you just take care of the financing end of the deal on your own. That's the problem. So many people that have low credit scores think that they can't get financing on their own, when in fact they can and it's very simple.
There are lending networks that have databases of lenders. These large numbers of lenders are compiled to give you more options. When you have more options, you save more money because dealers and lenders have to compete for your business, rather than tell you to sit and wait.
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