Best Car Loans for Bad Credit

Andrew Reyes
Eyeglasses and a calculator sit on top of a car loan application form.

Consumers looking to purchase a new vehicle often require a car loan. While a “Very Good” or “Exceptional” credit score can streamline your loan application process, bad credit can make it more challenging for borrowers to secure the necessary funding for a new car.

Here’s the good news: while it might be difficult, it’s far from impossible for consumers to obtain a quality car loan with poor credit. Despite lesser credit ratings, borrowers can still secure car loans with reasonable interest rates and modest monthly payments.

Consult the below details for more information on specific lenders who deliver some of the best car loans for bad credit.

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Where You Can Get a Car Loan With Bad Credit

These are our picks for the best car loans you can get with bad credit in 2021.

Auto Credit Express®

A lender network that specializes in car loans for poor credit, Auto Credit Express® helps consumers with mixed credit ratings close loans for both new and used vehicles. Borrowers with low credit, or even no existing credit record, can still secure a loan through Auto Credit Express®.

Auto Credit Express® adopts a more holistic approach when considering borrowers for potential car loans. They will even help individuals with poor credit take steps to repair their credit scores, often when they have been turned down for a car loan in the past.

Securing a car loan with poor credit — especially if that same borrower has a history of bankruptcy — can feel impossible. That’s why Auto Credit Express considers more than an individual’s credit profile when offering car loans.

By evaluating all customer needs equally, Auto Credit Express® regularly pairs lenders with borrowers facing poor credit, sometimes helping them secure deals with no money down.

  • Loan amounts: Varies;
  • Annual percentage rate (APR): Varies;
  • Loan terms: 36 to 72 months. offers many of the benefits that borrowers with poor credit scores are looking for in a lender network. Applications are made quickly through a streamlined online portal, and all credit types are accepted. offers its credit aggregation services free of charge to borrowers. After the borrower applies, will help connect them with the most applicable lenders in its network.

Even if individuals are facing loans in default or the possibility of bankruptcy, can find an appropriate lending partner for the situation.

Through the network, borrowers can begin their search for a lender in minutes. Lenders will be recommended to borrowers based on their fit. After loan terms are accepted, consumers can take steps toward vehicle ownership.

  • Loan amounts: Varies;
  • APR: Varies;
  • Loan terms: Varies.

At any time — day or night — borrowers can fill out an easy online form through, to take the first step toward securing a car loan for bad credit.

While they are not an individual lender, offers borrowers free access to their extensive lender network. This helps pair individual borrowers with an ideal lending partner.

In just three easy steps — form submission, term review, loan approval — borrowers can find high-quality lending partners through the network. This process takes place entirely online, allowing you to capitalize on easily attainable car loans from home, no matter your overall credit score. also makes consumer privacy a priority. They take steps to encrypt private borrower data, from initial form submission through lender eligibility and a loan offer. is forever committed to helping borrowers find the right lender for them. will work to find a suitable lending partner to help satisfy every consumer’s request for a car loan.

  • Loan Amounts: $500 to $10,000;
  • APR: 5.99% to 35.99%;
  • Loan Terms: Three to 72 months.

Completely free for borrowers to use, offers a wide variety of car loans for poor credit, all through its extensive network of lending partners. Loans are acquired when consumers make a loan request online. After filling out a simple form, borrowers will be paired with applicable lender options from the network.

Once lenders approve a borrower’s characteristics — including monthly income, credit type, and age — borrowers will have a chance to review terms from lending partners. Financing can be issued as soon as one day after loan acceptance, as soon as terms are discussed and accepted.

  • Loan amounts: $1,000 to $35,000;
  • APR: 5.99% to 35.99%;
  • Loan terms: Three to 72 months.

Borrowers who are 18 years of age or older, with regular income, are eligible for a car loan through While not an individual lender, connects borrowers with qualified lenders from a comprehensive network.

Loans from eligible, U.S.-based lenders are offered to consumers regardless of their credit type. Borrowers can apply for loans through a fully encrypted online portal, where personal information is protected throughout the entire loan request process.

Once borrowers populate basic information into a streamlined form, goes to work in minutes. Qualified lenders will reach out to borrowers if they choose to pursue a loan agreement. Borrowers only need to review and approve loan terms, before they are eligible to receive funding in days.

  • Loan amounts: $1,000 to $35,000;
  • APR: 5.99% to 35.99%;.
  • Loan terms: 90 days to 72 months.


Ninety seconds is all it takes to pursue an auto loan through 1-800-Auto-Yes. Even if borrowers have financial records that include bad credit, bankruptcy, or no credit, 1-800-Auto-Yes works hard to approve their applications.

Reasonable auto loans for bad credit through 1-800-Auto-Yes can help you take steps toward a new vehicle while helping improve your credit score through regular credit repayments.

The entire loan acquisition process — from the initial form submission until funds are deposited into a borrower’s bank account — is fully encrypted for your protection.

  • Loan amounts: $3,000 to $45,000;
  • APR: Varies;
  • Loan terms: Varies.

Consumers can access up to four individual car loan offers in minutes through While not an individual lender, offers borrowers complimentary access to their network of lending partners.

Borrowers can earn a quote in minutes, with pre-qualified offers that — when accepted — will deliver financing in just days.

If you have a credit score of at least 575, lending partners through are waiting to reach out. You simply need to select your offer type, answer a few questions and submit an online form to begin the process.

Loans cover new and used car purchases, allowing borrowers to quickly close on a vehicle of their choice. Customers can even use a payment calculator and interest rate estimator tools free of charge, to identify approximate loan amounts before loan closure.

  • Loan amounts: $8,000 to $100,000;
  • APR: 2.49% to 27.93%;
  • Loan terms: 24 to 72 months.


LendingClub employs a unique, peer-to-peer approach to car loans for bad credit. Borrowers can secure sizable car loans — depending on how well they satisfy investor requirements — and can get funded after choosing a loan offer characterized by the rate, terms, and payment options they prefer.

Personal loans with low, fixed rates can be applied to a borrower’s intended vehicle purchase. In addition, LendingClub helps consumers refinance existing auto loans, reaching more affordable payment thresholds by an average of $80 saved per month.

While exact terms are not disclosed by LendingClub, members save an average of $1,000 in finance charges, and many also experience a credit score increase.

While not an investor, LendingClub offers borrowers free access to their investor marketplace, which pairs individual investors with borrowers looking to secure loans. These loans are not car-specific but can be used to finance the purchase of a new vehicle.

LendingClub will pair borrowers with individual investors to foster long-term lending partnerships that result in full loan repayment and the acquisition of a new vehicle. A majority of consumers receive funding just days after originally submitting a loan request through LendingClub.

  • Loan amounts: Up to $40,000;
  • APR: 8.05% to 35.89%;
  • Loan terms: Varies.


Both a lender and an online used car retailer, Carvana allows consumers to secure pre-qualified auto loans, even if they have a low credit score or have been rejected by previous lenders.

After submitting a two-minute form, borrowers can instantly see loan types, terms, and amounts for which they qualify. Terms are valid for up to 45 days after they are originally extended, allowing consumers to take time and consider offers before acceptance.

As long as you are 18 years of age or older, make at least $4,000 each year, and do not have active bankruptcies against your financial accounts, you are eligible to receive a car loan. You can even choose to work with your financial institution to finance a loan through Carvana.

  • Loan amounts: $1,000 to $85,000;
  • APR: 3.90% to 27.90%;
  • Loan terms: 36 to 72 months.

What Are Car Loans for Bad Credit?

Under certain circumstances, auto loans from reputable lenders are typically reserved for individuals with higher credit scores. This means that consumers with lesser credit scores, or who have just begun accruing positive credit, will face challenges in securing funding for a vehicle.

Where a poor credit score might prevent some borrowers from taking steps toward car ownership, car loans for bad credit can help to change that. Car loans for bad credit offer financing for a new vehicle, to consumers facing issues with traditional lenders.

How Do I Get a Car Loan for Bad Credit?

When borrowers use one of the best lenders for bad credit scores, applying for a loan is easy and simple. Consumers with bad credit looking for a car loan can follow the following steps to secure one:

  1. Identify a lender, based on the above options.
  2. Fill out that lender’s streamlined online application, populating intended loan amount, personal information, and other necessary details.
  3. Read through loan offers most applicable to your situation.
  4. Communicate directly with lenders, to discuss the total amount, interest rates and fees, repayment parameters, and other loan terms.
  5. Accept the loan that best suits your interests.

Improving your credit score by lowering overall debts and maintaining a consistent payment history can help you earn better terms, lower interest rates, and fewer overall fees.

Agreeing to loan repayment options with shorter periods will require higher monthly payments, but ultimately help you earn the lowest possible interest rates over time.

How to Find the Best Car Loan Provider for Bad Credit

Many of the best car loan providers for poor credit offer borrowers complimentary access to a full network of potential lenders. This means that consumers have access to multiple potential lenders at the same time.

The competition keeps interest rates and fees as low as possible, and helps guarantee that borrowers earn the best possible rates.

Many of the top car loan providers are also characterized by high application turnaround times. In minutes, the top lenders and lender networks can identify loans for which borrowers are pre-qualified, and can connect consumers with potential lenders within the hour.

A credit score is one of the factors that lenders use when determining loan aptitude. However, the best car loan providers for poor credit adopt a more holistic approach when considering borrowers, and don’t disqualify borrowers from contention simply because of a lower credit score.

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