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, must be a walk-in-the-park. As said before, car loans for bad credit aren't going being found in banks or financial bodies. These loans are a way to rebuild the borrower's funding. For example, a $1,500 loan at 30% needs $1,950 to be cleared.