Best Car Loans With Bad Credit and No Money Down

Andrew Reyes
A person sitting down to their computer, which displays a car loan application screen.

Looking for a car with bad credit is a tough grind, especially when you need a hefty down payment. But this is nothing to worry about, as many lenders offer no-money-down car loans for those with bad credit.

These options are easy to get, but down payments offer different benefits that you won’t get when you make no down payments.

You can still buy a car without a down payment, despite the bad credit. Below, we will share some of the top reliable loan providers in the market. 

Table of Contents

Lenders Who Offer No-Money-Down Car Loans to Borrowers With Bad Credit

These are our top picks for lenders who offer car loans, even if you don’t have good credit and you can’t afford to put money down.

Auto Credit Express®

Auto Credit Express® supports people with bad credit looking to get a car loan. They do not offer direct loans but rather connect you with lenders in their network. Auto Credit Express® can provide car loans, even if you are bankrupt. You simply need to meet their requirement for loan approval.

You must have full-time employment and a fixed monthly income of at least $1,500. The lenders will receive your application for approval. Auto Credit Express® will automatically look for a match among local dealers so you can choose a suitable vehicle according to your budget and needs.

  • Loan amounts: Depends on the lender;
  • Annual percentage rate (APR): 3.99% to 29.99%;
  • Loan terms: 24 to 72 months.

Learn more about Auto Credit Express® today.

If you are willing to locate a lender or a dealership quickly, consider They can provide loans if you have bad credit and even if you’ve filed for bankruptcy.

After you apply online, a broker from will contact you to provide the best deals. After approval, you can get a car on loan.

  • Loan amounts: Depends on the lender;
  • APR: Depends on the lender;
  • Loan terms: Depends on the lender.

Learn more about AutoLoanZoom today. is another platform for people with poor credit. They provide an opportunity to get unsecured, short-term, or small loans despite your credit history.

Besides buying a used car, you can also use their loans to pay for medical expenses, emergency expenses, debt consolidation, and paying taxes. As you pay off the company on time, it will reflect positively on your credit history.

  • Loan amounts: $5,000 to $10,000;
  • APR: 5.99% to 35.99%;
  • Loan terms: Three to 72 months.

Learn more about BadCreditLoans today.

If bad credit is causing problems and you are unable to purchase your desired car, can help. When you choose car loans from, you connect with different lenders and send a loan approval application. 

  • Loan amounts: $1,000 to $35,000;
  • APR: 5.99% to 35.99%;
  • Loan terms: 61 days to 96 months.

Learn more about PersonalLoans today. includes an easy and straightforward online form that directs you to the financing team. You can communicate with them and get approval to purchase a used car at your comfort.

The APR and repayment terms depend on the lenders as they will check your credibility. The requirement for is that you should be a U.S. citizen aged 18 or over. Also, you must provide them with a valid phone number, email address, and details of your active checking account.

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

Learn more about SignatureLoan today.


1-800-Auto-Yes has an impressive selection of lenders who will work with you. You can complete their prequalification process online or over the phone. Their loans are ideal for borrowers with bad credit, and they offer amazing services to assist you with your needs. 

  • Loan amounts: $3,000 to $45,000;
  • APR: Depends on the lender;
  • Loan terms: Depends on the lender.

Learn more about 1-800-Auto-Yes today. is another platform that connects you with online lenders. With so many lenders, you can easily compare options and choose the best one for you. They also allow a co-signer who will improve your loan application. 

  • Loan amounts: $8,000 to $100,000;
  • APR: 2.49% to 27.93%;
  • Loan terms: 36 to 84 months.

Learn more about myAutoLoan today.


The LendingClub application for bad credit car loans is easy and quick. They will not charge you prepayment penalties. Essentially, this peer-to-peer lending website implies that the platform only connects you with a lender who makes the offer. 

  • Loan amounts: Up to $40,000;
  • APR: 8.05% to 35.89%;
  • Loan terms: 36 months to 60 months.


Carvana allows you to select a car from their car-vending machine only. They provide other flexible options in the prequalification process as well.

With the platform, you do not have to worry about your credit history. However, they do not consider borrowers with bankruptcies. For other requirements, you need to be at least 18 years old and have a minimum of $4,000 salary every month.

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

What Are Car Loans With Bad Credit and No Money Down?

When you are willing to purchase a car on loan but you can’t find a loan due to bad credit, it can feel frustrating. Not only that, but paying the down payment can also be a headache. Well, many finance companies provide car loans to users, despite their bad credit. They ask for no down payment either.

With these benefits, the finance companies might increase the interest rate on your loan. Even though down payments work as an advantage, they can cause problems when you are already short on money.

How Do I Get a Car Loan With Bad Credit and No Money Down?

There are a few simple steps you can take to increase your chances of getting a car loan with bad credit and no money down, such as taking the time to compare lenders or bringing on a co-signer.

Improve Your Bad Credit Score

Before you apply for a car loan with bad credit and no money down, try lowering your credit balance as much as possible. Your outstanding debts will affect your loan’s interest rates. So if you mitigate your bad credit with the help of your monthly salary, you might have to pay less.

Compare the Lenders

Visit different lenders and receive their best possible rates. List down the benefits they provide and compare their interest rates, payment terms, and loan amount. This will give you a clear picture of which lender can provide you the best deal.

The lender with the shortest term is the best. When you have a shorter term, you have to pay a greater amount each month. This will limit the interest, and you will pay the loan faster.

Consider a Co-signer

The lender you choose might ask you for a co-signer, depending on the condition of your credit history. A co-signer acts as a safety net because they have a good credit score. They will be liable if you are unable to make car payments. A co-signer would be emphasizing your mutually trusting relationship. 

Stay Open to Vehicle Options

While it’s not impossible to get car loan approval when you have bad credit, a lending company provides limited options. But if you choose a car before approval, you might not get those options. 

How to Find the Best Car Loans with Bad Credit and No Money Down

Finding the best car loan for you with bad credit and no money down may prove challenging, but not impossible. Here are three easy things you can do to help you find the best loan.

Make a Budget

Before choosing a loan option, consider your eligibility and budget calculation. You need to understand your current position before making a final decision. For instance, you should know how much you can pay every month to pay the entirety of the loan. Also, making a budget will help you choose a suitable loan option.

Shop Around

The financial market has many lending companies that offer loans on bad credit. You need to analyze the options and find loan options that are suitable for you. However, it can be challenging to select a suitable offer. You should understand the APRs, policies, and other fees to make an informed decision.

Review and Finalize

Do not jump to conclusions right away while choosing a loan company. Compare your options and consider the long-term effects. You need to be realistic about what option you can afford. Once you carefully choose your car loan option, it’s time to finalize your loan.

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