3) Citizenship and age. A third requirement for auto loans with bad credit is your age and citizenship status. All bad credit car loan applicants must be at least 18 years old and U.S. citizens. There are virtually no exceptions to these two rules. If you are under 18, typically a cosigner will be required.
4) Bankruptcy status. The fourth requirement has to do with the current status of any bankruptcy filings that you may have on your record. As a general rule, most lenders will require that all Chapter 7 bankruptcies be discharged before a bad credit car loan will be considered. There are exceptions to this case, however. If you are currently in a Chapter 13, you must be able to obtain an order to incur additional debt through the court that is overseeing the bankruptcy. This is accomplished through a trustee. But you should also be aware of the fact that in the current economic state, most lenders have very little interest in applicants that are in a current.