Bad credit? Jumping into a bad car loan could be easy

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Car Keys and Several Sports Cars on White Background.

Car Keys and Several Sports Cars on White Background.

By Susan Tompor

When you shop at a car lot where “nobody is turned down,” you can expect to pay outlandish car loan rates. Some consumers with less-than-perfect credit might qualify for better rates than they realize.

Someone who is desperate for a deal on a used car might love to hear an auto dealer on TV hawking a promise like “We don’t even look at your credit score.”

But comedian John Oliver takes the line apart in a bit about the shaky nature of the subprime auto lending universe, including “Buy Here, Pay Here” lots.

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