car loans review November 2018 | car loans review

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You don’t need great credit to borrow with this direct online lender

Driving away in a new car doesn’t have to be unattainable because you have bad credit. offers quick online financing without the hassle and credit requirements of a bank. Getting a loan is the easy part — what happens after is what you need to look out for.

Product Car Loans
Min Loan Amount$7,500
Max. Loan Amount$45,000
Interest Rate TypeFixed
Maximum Loan Term6 years
  • Age 18 years or older
  • Credit score 500+
  • To refinance loan car must have less than 100,000 miles
  • No more than eight years old
  • Loan balance must be $7,500+

First, do I qualify?

To qualify for a loan with, you must be over 18 years old and have a credit score of 500 or higher.

If you want to refinance your current car loan, your car needs to have less than 100,000 miles, no more than eight years old and your loan balance must be $7,500 or more. loans aren’t available to residents of Minnesota, North Dakota, Nevada or Oregon.

What makes car loans unique?

Although is an online lender, it issues its loans as Funding Certificates that you use like cash at the dealership. The whole process is quick, easy to understand and doesn’t have high credit requirements — though you’ll need good credit to qualify for the best rates.

What types of car loans does offer? offers middle-of-the-road car loans. With this site, you can get:

  • Vehicle purchase loans. Your basic term loan that you can use to buy a car from a franchised dealership.
  • Auto loan refinancing. Already got a loan? Lower its overall cost by taking out a new loan with more favorable terms to pay it off.

There are however, limits to what type of vehicle you can purchase. Through, you can only buy:

  • A car that is eight years old or newer
  • A vehicle with 100,000 miles or less
  • An eligible brand vehicle

Ineligible brands won’t cover loans for:
  • Aston Martin
  • Alfa Romeo
  • Ferrari
  • Bentley
  • Isuzu
  • Hummer
  • Lamborghini
  • Maserati
  • Lotus
  • McLaren
  • Maybach
  • Mercury
  • Pontiac
  • Oldsmobile
  • Rolls Royce
  • Smart
  • Saturn
  • Saab
  • Suzuki
  • Tesla

You’re restricted from using your loan to purchase electric cars, super-duty or heavy-duty trucks and motorcycles.

What are the benefits of getting a car loan from

  • No fees. There are no application, origination or prepayment fees with this loan.
  • Simple application. Its online application is straightforward and easy to follow.
  • Fast turnaround. It takes as little as 30 minutes to be approved online.
  • Low credit requirements. It’s possible to qualify for a loan with a score as low as 500.

What to watch out for?

  • Limited car and dealership selection. In most states you can only buy a car from franchised dealerships, meaning your options are limited.
  • Low transparency. doesn’t give basic information about loans on its website, making it difficult to know what you’re getting into.
  • Difficult to make payments. The top online complaint about is that it’s difficult to make a payment to the company, no matter how you pay.
  • Inconsistent customer service. Its customer service staff appears to be poorly trained and often contradict each other.

Compare more car loan providers

Rates last updated November 18th, 2018

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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 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 employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
LightStream Auto Loans
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Flexible terms
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
RateGenius Auto Loan Refinance
Connect with a network of over 150 lenders to refinance your car loan.
Income of $2,000+/month, vehicle has less than 150,000 miles, no older than 10 model years, loan balance is at least $10,000, debt-to-income ratio: less than 50%.
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or better credit
Minimum of 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
MotoRefi Car Loan Refinancing
A car loan connection service for borrowers looking to refinance.
1–6 years
Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
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

What does the internet say about doesn’t have the best online reputation. It’s not accredited with the Better Business Bureau, but it gets an A+ rating based on customer reviews on its site — even though 90% are negative. Most complaints concern difficulties making payments and customer service that gives consumers conflicting information. It has no reviews on Trustpilot.

How do I apply?

Once you’ve determined you’re eligible, go over your finances against a down payment, monthly payments, and potential car-related maintenance like gas, insurance and tuneups.
When you’re ready to apply, follow these steps to apply:

You should receive a confirmation email after you submit your application and another once you’re either approved or declined. This typically takes about half an hour during regular business hours. Once approved, verifies your information and issues a Funding Certificate to take to a dealership to purchase a car.

What documents do I need to apply? asks applicants to provide:

  • A driver’s license. It must be up to date with your current information.
  • Proof of income or employment. A recent paystub or a W2 form are the most common ways to prove that you have a source of income.
  • Proof of residence. Lenders typically ask for a recent utility bill in your name to prove you live where you say you do.
  • Personal references. Letters of recommendation from friends, family or anyone else who can vouch for you.

If you want to refinance a car loan, you may be asked to provide your vehicle’s identification number, mileage, registration and title documents.

I got a car loan from Now what?

Stay on top of your payments — and don’t wait until the last minute. Multiple borrowers report issues with payments, sometimes resulting in damaged credit or harassing phone calls. Find a method that works and stick to it. And if you run into any trouble, call them at 888-227-9555 during business hours or shoot them an email at to resolve the problem directly.

Bottom line loans could be a solution for borrowers struggling to get a loan with bad credit. With an easy application, it could benefit inexperienced borrowers. However, with a negative online reputation you may want to look at other lenders. Before deciding on any one lender, make sure to compare all of your car loan options to find the best fit for you.

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