The problem with these advertisements is that they generally don’t contain the fine print. You’ll only get all the details when you actually go and try to get approved to purchase a car. And, while their ads might seem straightforward, they have some hidden problems.

The main thing these ads don’t mention is that you’ll almost always be required to have a co-signer that has good credit to get financed. This means that you’ll have to have someone that still trusts you enough to risk having to pay off your loan for you if you can’t.

Another factor that isn’t made plain until you go to apply for a loan is the interest rates. Because you are now considered a high risk, lenders know that you are probably desperate to get a loan. And, they know that you are most likely willing to pay much higher interest rates than someone with good credit.