It is a hard place to be when your credit isn't the best and you need to chose from some bad credit loans to finance a purchase.  What you need to do is make sure that if you sign on the dotted line to accept any type of loans for bad credit, that you can pay that loan back.  Even if the deal seems to be perfect for you, it's up to you to make the payments and begin to establish a better credit rating.

    Some of the bad credit auto loans will charge you a higher interest rate to buy a vehicle because of your credit score.  The problem with this is, if the interest rate is very high, and your car payment itself is high, it may be too much additional debt to take on.  There is help though, if you decide to buy your next vehicle.  These loans for people with bad credit can re-establish a better credit rating and payment history. 

    You'll pay for your new car by putting down enough money to try and lower the interest rate.  If you have a decent down payment, and the interest rate is still a bit high, your car payment will be lower as you've forked over some cash to help with the entire loan.