It is certain to have a bad credit report. Having a bad credit should not discourage you from attempts to secure car financing, since there are several lenders who are willing to give car loans to people even with a bad credit. It is a kind of car financing loan that is created to meet the needs of people who have bad credit so such a car financing loan can be referred to as a bad credit car financing loan. A steep rate of interest and very stringent terms and conditions usually characterize a bad credit car financing loan. If you are in a bad credit car financing loan, your chances of paying a larger rate of interest is more than if you had a perfect credit rating. So take the time to decide if you want the responsibility of a bad credit car financing loan.