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Car financing is undoubtedly a popular option. If you are planning to buy a car and cannot fulfill your dream because of cash crunch, car loan financing will help you to make your dream come true. However, in this article, some basic doubts about these loans have been solved. Can a tenant avail car loans? For all kinds of tenants including council tenants, MOD tenants, those who are living with parents, PGs, car loans are always available. Car loans financing options are available in the market in two forms; secured and unsecured. Since, the unsecured option claims nothing against the lending amount; so, availing loan is not a big deal for tenants. Can a used car be financed with car loan financing?Yes. If you are eyeing a used car, you can always get it financed with the car loan financing option. But, in case of used car financing, the age of the vehicle should not be more than 5 years. Can a borrower with bad credit score avail car loan financing option?Yes. A borrower with a bad credit score can easily get car loan financing option. All kinds of bad credit cases including CCJ, IVA, arrear, default and bankruptcy, can avail car loan option. Is making down payment necessary? Making down payment is not necessary. But, it is true that making some down payment always helps borrowers to get car loan financing option at a better rate of interest. How much is available as car loan financing?One can avail around 90% car loan financing. But obviously, his/her income and repayment capacity will be taken into consideration. What is the repayment period of car loan financing?Based on the lending amount, the repayment period is decided. However, generally the repayment of a car loan financing varies from 2-7 years.