For many car buyers with poor credit, obtaining financing for a vehicle can feel like an insurmountable challenge. Fortunately, second-chance auto loans, also known as subprime auto loans, offer a glimmer of hope for those with credit scores below 580. These loans are designed to give buyers with imperfect credit a shot at purchasing a car, even after being denied a traditional auto loan. However, before taking the plunge into a second-chance auto loan, it's essential to understand the requirements, risks, and steps to secure an affordable deal.