Your expenses shall be reduced and you will pay a lowered monthly interest. Using this 2 step combo, finding guaranteed auto loans for bad credit, always be a walk in the park. As said before, car loans for bad credit are not going end up being found in banks or financial schools. These loans are a way to rebuild the borrower's consumer credit. For example, a $1,500 loan at 30% needs $1,950 to be cleared.