Best Second-Chance Car Loans for People With Bad Credit

Andrew Reyes
A set of keys sit on top of an approved car loan application.

It’s not impossible to get a car loan with bad credit. These options, commonly known as “second-chance car loans,” can help you purchase a vehicle with competitive rates and fees. Here are our top selections for second-chance auto loans.

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Lenders That Offer Second-Chance Auto Loans

Auto Credit Express®

Founded in 1999 and part of the Internet Brands Automotive Group, Auto Credit Express® (ACE) helps those with bad credit, low credit, or no credit — including individuals with bankruptcies, repossessions, and delinquencies — finance a new or used, late-model vehicle from reputable dealers and finance companies.

Whether you’re in the U.S. or Canada, Auto Credit Express® helps you reestablish your credit and improve your life through subprime auto financing, even if you don’t have the best track record. In some instances, you might qualify for a $0 or $500 down payment, no matter what your credit profile looks like.

  • Loan amounts: Varies;
  • Annual percentage rate (APR): Varies;
  • Loan terms: 36 to 72 months.

Learn more about Auto Credit Express® today. connects you with their vast network of dealerships and lending partners to help you get the auto loan you need, regardless of your credit situation.

All you need to do is fill out their online form, and AutoLoanZoom will connect you with their network of dealerships and lenders who offer subprime auto loans. Then, you’re that much closer to purchasing your new car, even if you’re going through bankruptcy or repossession. provides its services free of charge, although each lender delivers different terms based on your specific credit history. With this said, your lender will disclose all terms, fees, and APRs upon approval.

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

Learn more about today. offers a free service that helps you gain access to loans that can allow you to take care of whatever you need, including paying off past-due bills or repairing your car.’s services are available 24 hours a day, seven days a week. All you have to do is complete the online form on their website at no cost to you and with no obligation. Throughout the process, your information is protected using advanced encryption technology.

Once complete, the lending partners in’s network will determine if you’re eligible for a loan offer. Keep in mind that the company isn’t a lender, so they can’t control your loan’s terms. However, these details are provided upon approval, at which time you should read through your terms carefully.  

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

Learn more about today. offers a free service that can help you get the funding you need, whether you’ll use it for emergency expenses, a family vacation, or anything else. isn’t a lender. Instead, they deliver access to their network of third-party lenders who ultimately provide your funding at potentially competitive rates. And this service comes with no upfront costs, fees, or obligations.

After you complete their easy online form, can connect you with lending options in minutes, with your funds available as soon as the next business day.

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

Learn more about today. helps you obtain unsecured loans with no collateral required and with no charges or fees.

All you have to do is fill out their simple online loan request form, and will connect you with one of their lending partners, who can often make their decisions within a matter of minutes. Throughout the process, your information is protected via full encryption.

Whether you’re approved depends on several factors, including credit rating, income, and level of debt. Compared to other companies, can connect you with debt relief and credit repair services if you’re not approved, which can help you improve your score and receive future approvals.

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


Whether you have bad credit, a bankruptcy, or no credit, 1800FreshStart can help you rebuild your score and get a great car in the process.

All you have to do is complete their simple and secure application process, and the company will match you with a local lender who will build an auto loan that meets your needs.

The company can finance practically any credit score, and you can prequalify in a matter of minutes.

Keep in mind that because 1800FreshStart isn’t a lender, your interest rate and loan terms will vary based on the company that approves you.

  • Loan amounts: $3,000 to $45,000;
  • APR: Varies;
  • Loan terms: Varies. offers loans through select lenders that can help you purchase new and used vehicles, refinance existing loans, buy from a private party, and finalize lease buyouts.

All you have to do is select the offer type on their website and complete their easy, secure, confidential form, and you’ll receive up to four offers in minutes. For qualified buyers, select lenders even offer no payments for up to 90 days on refinances.

When using, their free, fast, and pressure-free process comes without obligation.

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

Learn more about today.


After you apply in minutes, LendingClub can provide customized loan options with the rate, term, and repayment options that work best for you. Once you’re approved, the company will send the money to your bank account or pay your creditors directly in as little as three days.

In addition, LendingClub offers these loans with low, fixed rates, no prepayment fees or penalties, and the ability to have your payments withdrawn directly from your bank account.

  • Loan amounts: Up to $40,000;
  • APR: 8.05% to 35.89%;
  • Loan terms: One-time origination fee of 3% to 6% of your loan; repayment terms up to 60 months.


Unlike other companies on this list, Carvana is an auto dealer that sells its vehicles 100% online and directly to customers. This way, they promise to cut out the middlemen and save you money, without commissions or hidden fees.

Once you find a vehicle among Carvana’s expansive inventory, you can receive personalized financing terms from U.S.-based banks and credit unions without impacting your credit score.

If you choose to finance your car through Carvana, you’ll receive competitive rates that are valid for 45 days. You can then have the car delivered right to your driveway, or you pick it up from one of their car vending machines.

Every vehicle sold through Carvana comes with a seven-day return policy and a limited 100-day/4,189-mile warranty.

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

With these companies and lending options in mind, let’s look at the basics surrounding a second-chance car loan.

What Is a Second-Chance Car Loan?

A second-chance car loan is targeted at individuals with lower credit scores. Typically, they’ll come with steeper interest rates, which will make your monthly payment higher than otherwise.

Like traditional auto loans, you’ll have a fixed monthly payment with your second-chance loan. Most lenders also avoid prepayment or early payoff fees, so spending a little extra each month can pay off if you can afford it.

How Do I Get Second-Chance Car Loans?

All of the second-chance car loan lenders listed in this article feature online applications and short response times. Here’s a quick overview of how the process works:

  1. Access the lender’s online application.
  2. Enter all relevant details, including important ones like your address, Social Security number, and a copy of your driver’s license.
  3. Await your response, which can be as fast as a few minutes. In some instances, the lender might require additional details before deciding.

Remember that you’ll need a higher credit score to obtain the best interest rates or other terms. If yours is low, you can increase it by paying your bills on time, keeping your credit utilization low, and not applying for too many loans in a short period.

How to Find the Best Second-Chance Car Loan Provider

First, find a lender with the appropriate range of interest rates and repayment terms, which will vary depending on your needs and preferences.

Ideally, you’ll want to focus on lenders without prepayment penalties and those that charge limited fees (including origination).

You’ll also want to consider lenders with mostly positive online client reviews and a reputation for quality customer support. And if you have Fair to Very Poor credit, you’ll want to look at lenders who accept customers with lower scores.

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