There is nothing more embarrassing then going to a dealership to purchase a new car, and being turned away because they do not have a lender who will finance someone with subprime credit. An individual with subprime credit is a person with low credit scores, however just because an individual has bad credit it does not mean that they cannot purchase a car of their choosing, they will just have to use a finance company that will write a subprime car loan.
A regular bank will not write this type of loan, you will be turned away quickly once they take a look at your credit history. You will have to seek your funding by using an online lender who specializes in subprime credit; they do not care about your credit history. The online lender will get you qualified for your loan and grant the approval before you go to any dealership.
The benefit of using a subprime car loan that you received online is that when you get to the dealership, you will only have to concern yourself with getting the best price for your vehicle. Your car salesman will never even know that you are considered subprime; they will not have a need to pull your credit report, because that was taken care of before getting to the dealership. You will be able to focus on getting the car of your choosing, not being told that you do not qualify to finance a certain type of vehicle.
Just because you are subprime does not mean you have to take the first loan that is offered to you. When you are offered a loan and do not feel comfortable with the terms, then keep on shopping, remember there are numerous lenders online who will fund a loan for a subprime customer. Please remember you will not get the low interest rates that someone with a perfect credit score will receive, but you still have options available as far as shopping around to find a lender that can get the best rate for you.