Compare bad credit car loans you can apply for online |

Have bad credit and need a car loan? These are your options.

Your car loan options may seem limited when you have a low credit score. But there are lenders willing to help.

It can be difficult to find loan with affordable rates if you have poor credit. But there are lenders willing to help you get the car you need. In fact, there are lenders that specifically assist people with poor credit. But be cautious and compare lenders before you decide on one.

borrowers with poor or no credit are seen as high-risk, lenders tend to charge significantly higher interest rates and fees. And it’s likely you’ll have to put up collateral — often your car — or get a cosigner to be approved. Car Loans

Our top pick for bad credit car loans:

Get matched with a local car dealership to finance your car purchase. Bad credit, no credit OK.

  • Specializing in 'buy here, pay here' car loans. No banks or credit unions.
  • Typically hear back from a rep within 24 hours.
  • Free loan-matching service. No obligation offers.

    Compare bad credit car loans

    Rates last updated March 25th, 2018

    Reveal your potential loan offers and rates

    Answer two quick questions to filter the loan offers and get the best one for you.

    Let's get started

    Select your credit score range

    I don't know my credit score

    Finally, select where you live.

    To get your credit score:

    Experian logo

    Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

    Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
    Name Product Product Description Min. Credit Score Term of Loan Requirements Car Loans
    Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
    Varies by lender
    Must be at least 18 years old, a US citizen with a current US address and employed full-time or have guaranteed fixed income.
    Auto Credit Express Car Loans
    Get connected with an auto lender near you, even if you have bad credit.
    Typically 3 to 6 years
    Must be at least 18 years old and a current resident of the US or Canada. Must be employed full-time or have guaranteed fixed income of at least $1,500/month. Car Loans
    Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.
    24 to 84 months
    Must be at least 18+ years old; have a Social Security number; make $24,000+/year; have no open bankruptcies.
    LendingTree Auto Loans
    Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
    Good to excellent credit
    Typically 1 to 7 years
    Must be a US citizen and 18+ years old. Must have good to excellent credit.

    Compare up to 4 providers

    Bad credit commodore7 things you need to ask about bad credit car loans

    Buying a car is one of the bigger purchases you’ll make in your life, so shop around to make sure you’re getting the best deal. Before you apply for any loan, find out as much as you can about the offer you’re getting. Here are some key things you need to look for before you proceed.

    What’s the interest rate?

    The interest rate on your loan will affect how much your payments are. Always know what rate you’ll pay, and take the time to compare it against other car loans to be sure the offer is competitive.

    Is the loan secured or unsecured?

    If you take out a secured loans, then that the lender is using your car as security for the loan. While this means you may have a lower rate, you run the risk of having the car repossessed if you default on the loan. Unsecured loans are reserved for people with a higher credit rating and the application process is much simpler.

    What’s my loan term?

    Loan terms can run from a year and as many as seven years. A shorter loan term can reduce the amount of interest you pay on your loan overall and help you get out of debt quicker — but monthly payments will be bigger.

    On the other hand, choosing a longer loan term will reduce your monthly payments, increasing the amount of interest you end up paying.

    What’s my minimum payment?

    You want to find affordable minimum payments that you can expect each month. It’s important to choose a loan term that suits your income and is in line with your financial plans.

    Can I make any extra payments?

    The flexibility of making extra payments can help you get out of debt much quicker. Check with your lender to see if it allows extra payments.

    What kind of loan fees will I pay on a poor-credit car loan?

    Some lenders charge a monthly account fee or administration fee on bad-credit car loans, ranging from $5 to $15 per month. Many will also charge an origination fee to create your loan — this fee is typically represented as a small percentage of 1% to 3% of the loan.

    Can I pay off the loan early without being penalized?

    Some loans include early repayment fees if the loan is paid in full before the agreed loan term date. If you intend to make extra payments to pay your debt off sooner, check how much you might be charged.

    What to avoid with a bad credit car loan

    Make sure you know exactly what you’re getting into before you sign up for a car loan — or any loan. If you don’t do your research, you could find yourself in a financial nightmare, or worse — in a scam.

    • Going over budget. Work out how much money you’ll be paying back over the course of the loan to get an idea of how much you’ll spend on your vehicle — is it worth it, and more importantly can you afford it?
    • Check user reviews. Check review sites, messages boards and car enthusiast websites to see what other people have to say about certain lenders. If you know someones who’s been in a similar position when financing a car purchase, ask them.
    • Extremely long loan terms. Some lenders offer loan terms of six and seven years that can accrue major interest over time. Sure, the monthly payments will be lower, but if it’s not absolutely necessary, it should be avoided to save money.
    • Being unprepared. Check your credit score before you do any car shopping so the dealer or lender can’t take advantage of you. Also, by knowing interest rates that other lenders offer, you’ll be able to compare and find the most competitive deal.
    • making an impulsive purchase. Of course your dream car is out there. But if you have poor credit, it may have to wait so you can buy a car you can afford — and has lower rates.

    Alternatives to consider

    If a bad credit car loan isn’t the right choice for you, you could consider using a credit card to buy a car. The smart way to pay for a car purchase with a credit card is to buy a cheap car and take advantage of a low interest rate or 0% offer. This way you pay off the balance gradually without the hefty charges associated with a regular credit card or personal loan.

    Another way to avoid taking out a bad-credit loan is to wait. Work towards improving your credit rating by controlling your debts, managing your finances responsibly and knowing what’s on your credit file so you can remove any errors or disputes from your file.

    Frequently asked questions

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    US Personal Loans Offers

    Important Information*
    Even Financial Personal Loans

    Get connected to competitive loan offers instantly from top online consumer lenders.


    Borrow only what you need for debt consolidation, home improvements and more — with APRs based on overall creditworthiness.

    LendingClub Personal Loan

    A peer-to-peer lender offering fair rates based on your credit score.

    SoFi Personal Loan Fixed Rate (with Autopay)

    Borrow up to $100,000 with a competitive APR and no fees.

    Go to site