It is popularly reported that at least 70% of all new car purchases are actually processed through the use of Car Loans.  It stands to reason then, that 70% of the people who buy cars cannot afford to pay outright for them.  Certainly all of that huge percentage does not have excellent credit and huge down payments!  In actuality, car loans are one form of loan where a wide range of clientele is catered to.  Those without incomes will obviously be the least likely to get a loan.  However, the folks who suffer from bad credit will often be able to find lenders to work with them as long as they do have an income.