There are prerequisites though if you want to qualify for a bad credit auto loan. Some will be required by specific lending companies to provide proof that their monthly income is equal to or more than a thousand and five hundred dollars each month and that you are a legal resident of the same place where the car loan provider is located. You should also be the type of person who would be able to secure an auto insurance policy and that you have a guaranteed fixed or increasing income for the entire duration of the car loan. This will be dependent on how long you have worked with the firm and your role within it. They will ask for proof of address via utility bills and bank statements, and will possibly ask for your phone number. If you pass all these, then you most likely are eligible for a bad credit car loan. Needless to say, people who dot have regular employment, those who are hired seasonally, people who will not be able to provide proof of income even though their lifestyle shows that they have a lot of money, nd people who have had recent repossessions are automatically disqualified for bad credit car loans.

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