First of all you must ensure that you approach a lender with improved credit rating. You may be having multiple problems like late payments, defaults, arrears, CCJs or IVAs. Still there is always a scope for improving credit rating once you have made timely repayments for some months. Advantage is that the lender will have some faith in you and may be terms and conditions are little relaxed. Take a copy of your credit report from a reputed credit rating agency and ensure the report is error free.
Second possible step you can take to ensure Bad Credit Vehicle Loans [http://www.vehicleloans.org.uk/] is to cut lender's risks further by offering any of your property as collateral. In fact you can borrow funds against the very car you are buying. The lender will take its deal paper as security only to return at the time of final repayment of the loan and till than you can continue driving the car. A secured personal loan will not only negate your bad credit but you will get the loan at comparatively lower rate of interest as well. The borrowed amount also will be higher.
Another way to ensure bad credit vehicle loans is down payments that the lender takes from the borrowers in order to make the loan deal further safer. The more amount of down payment you make the more you offset bad credit and the higher are chances of the loan approval. Not only that, the rate of interest also may be lower.
Online lenders should be given preference when searching for bad credit vehicle loans. These lenders take less time of approval and their additional charges are fewer. Ensure first taking rate quotes of the lenders and make a careful comparison for suitable deal.