Bad Credit Car Loans

If you want to find the right lender without wasting time and money, simply apply today with and fill out the online form.

We have been helping people get bad-credit car loans since 1989 and have processed over 6 million car loan applications.

We have a nationwide network of auto dealers and lenders who want to help people just like you - people who may have made a couple of financial mistakes but still deserve to buy the car they want.

Poor Credit History?

Having a less than stellar credit history affects the way a bank or lender sees you. With a poor credit rating, it's nearly impossible to secure a traditional auto loan on your own. That's why we do the work to find the top options for people who can't secure a traditional auto loan.

good credit score means a lower interest rate. Do you know what your credit score is currently? If you don't, how will you know what auto loan rate is fair? If you learn that your credit score isn't as good as you hoped, you can always take steps to improve it and get the best auto loan rates available before you buy a car. A little effort could pay big dividends in the form of dollars saved over the life of your loan.

Credit Scores

Low credit - generally defined as a score under 629 - doesn't mean you can't buy a car, or mean you can't get a car loan with terms that don't break your monthly budget.

Like everything else, "bad" is a matter of opinion and degree. If the score is borderline, some lenders might still see a good prospect while others, with slightly different criteria, would see more risk.

Your credit score is a three digit number that is calculated based on your credit history. While there are several credit scoring calculators out there, the one that controls the market, and therefore the only one you really need to worry about, is your FICO credit score. The FICO credit score scale ranges from 300-850.

Experts say that any score under 540 is at risk of being denied an auto loan of any kind, and a score of 740 or higher is likely to get the best interest rate, although your results may vary based on what is in your credit score and who you are working with as a lender.

You cannot effectively negotiate the purchase price of a new car if you don't know your credit score and what is on your credit report. Before going to the dealer, get your free credit report and make sure the information is correct.

Auto Interest Rates

For borrowers with good credit, the average interest rate is between 4%-5%. Subprime borrowers can expect to pay an annual percentage rate of 10%-18%, depending on their credit score.

You don't want to have a desperate attitude going into the process. You also need to be careful when shopping for a car loan to ensure you aren't overcharged. There are still deals to be made for people with bad credit. After you check your credit score and take steps to improve it, you are steps closer to securing the best loan for you.

How Do I Find a Lender?

Not all lenders or dealers will approve car loans for bad credit, because they think anyone with a few blemishes on their credit history present a bad risk.

The process can be pretty discouraging if you spend a significant amount of time applying just to get turned down, again and again. That's the old way of getting a car loan. We've been connecting buyers with auto financers for nearly 30 years, and we can help you bypass the hassle.

What's Next?

If you have 60 seconds to spare, click on the big orange button at the top that says "Apply Now". It takes you right to our online car loan application.

Once you complete the form, a loan advisor in your area, who specializes in car loans for people with bad credit, will get in touch. They'll work with you to find the best financing to fit your income and credit, and help you get into the car you deserve. Sixty seconds could get you driving within 48 hours.

Let us help get you into the car you deserve

The Right Car. The Right Loan. Right Now!™