Bad Credit, no credit, we can help get you an auto loan. Apply online for that bad credit auto loan here. Apply for an auto loan and drive a new car today. You still have to pay the rent, pay your bills, and buy groceries. Getting a new car via an auto loan may end up being your only option. However, for many people bad credit will often stifle their attempts to get a loan, leading to a catch-22 scenario. You need the car to make the money, Here is a hard truth about buying a car with relatively new or bad credit: You'll likely need a down payment. Most banks will require "at least 10 percent down payment, or $1,000, whichever is greater," Less says. Using a trade-in as a down payment is a popular option, but some banks may prefer cash.