In General, car dealers are asking a prepayment for one of two reasons ...
1) creditor won't lend the asking price, with your credit rating
2) the dealer wants to add more profit to the sale of car
These are the two main reasons that a trader will ask you a prepayment. You may have noticed, if you've ever been in a concessionaire negotiate these kinds of things, that the seller can usually get the amount required to be put down, reduced. In some cases, payment can be avoided altogether.
If you would like to avoid hassles of negotiation of the concessionaire and simply pick the best auto financing terms available, or you must do a tremendous amount of research and apply with numerous lenders, or you can simply use a Web site that will allow you to compare multiple terms, interest rates and payments required by bad credit car loan companies.
This is by far the easiest way to learn what you can get and how much you will be charged to get it! There's nothing better than being able to have the word so when choosing which lender you wish to use. Many of these companies offer car loans for bad credit with no money down.
Remember, there are thousands of creditors in America. It is simply a matter of being able to find the lender that will work with you, based on their history, income and monthly credit area passed. Is a simple matter of filling out a short form on the Internet.
Check interest rates and loan terms by http://www.mycredittree.net/.
You can also apply online at http://www.fundmyvehicle.net/.
Jason Lanier is a specialist in finance and second chance regularly contributes articles to ezinearticles.com.