Bad Credit Car Loans

Most lenders require you to have an excellent credit history to get a loan. However, if you have bad credit, it may feel impossible to get one. One of the most popular types of loans is a payday loan. Even if you have a bad credit score, there are options available to get a payday loan online.

If you’re interested in learning more about car loans for bad credit, you’ve come to the right place. Read on to understand our top picks for auto loans for those with a bad credit history. These companies offer bad credit car loans, which will allow the experience for car buyers to be much better.

There’s a lot to cover, so let’s get started.

Our team of experts gathered the ultimate list of bad credit car loans that suit a variety of borrowers, regardless of your credit score and history. If you are ready to find the most affordable loan for your car, keep reading this article to learn everything you need to know.

Top 8 Best Bad Credit Auto Loan Rates

BadCreditLoans loan

  • $500 – $10,000
  • Works with all credit scores
  • Free service

LoansUnder36%

  • $1,000 – $5,000
  • Fast application
  • Fast funds

SecureSpeedyLoans

  • $1,000 – $5,000
  • See Money In Your Account
  • All Credit Types Accepted

PersonalLoans.com

  • $100 – $35,000
  • Simple application process
  • Fast loan decision

Cashusa.com

  • $100 – $10,000
  • Receive a loan decision in minutes
  • Get funds directly to your bank account

Fast 5k Loans

  • $1,000 – $5,000
  • Instantly approved
  • Fast application

Jora

  • $500 – $4,000
  • Fast funds
  • Easy application

OppLoans

  • $500 – $4,000
  • No hidden fees
  • Personal service

What Are Payday Loans For Bad Credit?

A payday loan is a way to secure money fast. With this type of loan, you can borrow a small amount of money that will tide you over until your next paycheck. Payday loans require you to pay back the money when you receive your next paycheck.

Payday loans differ from installment loans because you don’t pay them off in multiple payments. You’ll need to pay it much faster, which can be a problem for some people.

If you have bad credit and need money fast, you may enjoy the speed a payday loan provides. This loan is one of the best for those with a poor credit history because many lenders ignore low credit scores, unlike other companies that provide online installment loans.

#1

BadCreditLoans

Best auto loan overall

The first option is BadCreditLoans. This company excels at finding bad credit auto loans and there is “no cost or obligation to use our service”. The company permits users to find the right auto loan with no additional cost, which can be a game changer when attempting to improve your credit score.

BadCreditLoans allows individuals to borrow $500 – $10,000. The borrowing process is relatively easy. Here’s how it works:

  • Complete an online interest form to connect with a lender through BadCreditLoans
  • Look at the loans options they find from multiple lenders
  • Complete the loan process with online lenders
  • Examine non-loan options outside auto loan lenders to see if they work

You can find a way that works for you to borrow money for a new vehicle.

A bank or a credit union may turn you down if your credit score falls. BadCreditLoans permits drivers to borrow money with nothing more than a simple loan application. If you want car financing, BadCreditLoans should be at the top of your list. The ability to compare lenders and loan amounts is an excellent addition anyone can love.

BadCreditLoans loan

  • $500 – $10,000
  • Works with all credit scores
  • Free service
interest from19.9%
#2

LoansUnder36%

Best for bad credit

Next up is LoansUnder36%. This company provides a higher amount of funding — you can get a loan for up to $35,000. It’s one of the best for bad credit borrowers because the loans offered here provide more money with a less extensive credit check. You don’t have to struggle to purchase a vehicle.

There are a few simple requirements you must meet to get a loan from LoansUnder36%. Here are the basic loan terms for the company:

  • Must be at least eighteen years old
  • Need to be employed and have a steady income
  • Have to be a U.S. citizen
  • Should have a bank account with direct deposit

These factors help them determine if you will be able to make loan payments.

LoansUnder36% is an excellent choice if you need bad credit auto lenders that can provide funds the next day. As long as you can make the monthly payment on the loan amount, this company makes auto financing easy with poor credit scores. Check them out if you don’t meet the minimum credit score requirement at a bank or credit union.

LoansUnder36%

  • $1,000 – $5,000
  • Fast application
  • Fast funds
#3

SecureSpeedyLoans

Best for fair credit borrowers

SecureSpeedyLoans is a reputable company that offers funding fast in a manner that is secure and safe. Whether you want a new or used vehicle, SecureSpeedyLoans can offer up to $5,000 to help with the first steps of the process. A poor FICO score doesn’t matter to them and you can get loan approval within a day.

Here’s how the process works:

  • Fill out the information about the loan you need
  • Look at the lenders the website offers
  • Select a loan with bad credit
  • Buy your new or used car
  • Pay the loan terms until it is paid in full

It’s an efficient way to get money in your pocket without wasting time.

SecureSpeedyLoans may not lend as much money as some of the other sites that help with low credit scores, but they are one of the most efficient. You can get your loan offer right away with the help of SecureSpeedyLoans.

SecureSpeedyLoans

  • $1,000 – $5,000
  • See Money In Your Account
  • All Credit Types Accepted

PersonalLoans.com

Best for refinance loan or auto financing

The next choice we can recommend is PersonalLoans.com. This website allows you to request money from $1,000 to $35,000 and provides you with plenty of choices to find auto loans. This free service guides interested borrowers to find the assistance they need.

Here’s how the process works:

  • Make an account
  • Request funds
  • Wait for approval
  • Receive the cash
  • Pay it off in time

After providing your details, you should have your money in no time.

It’s critical to remember that PersonalLoans.com is not a lender. Instead, they look for lenders that they think will assist you with your auto purchase loans. They are one of the best for those who need help fast if they are looking for a loan with bad credit.

Jora

  • $500 – $4,000
  • Fast funds
  • Easy application

Cashusa.com

Best for a variety of used car options

Cashusa.com provides excellent assistance to those who have limited credit but want to invest in a new car. They provide up to $10,000, which can also be used for other things, such as an existing loan on a vehicle. They offer auto loans to plenty of individuals with poor credit histories.

Here’s how the process works with cashusa.com:

  • Complete their form online
  • Review the offer presented by your ideal lender
  • Accept or decline the offer
  • After accepting, provide more information to the lender
  • Look for funds

The money can arrive as soon as the next business day.

Cashusa.com is an excellent place to consider if you need money in your bank the next day. They work to find loans with a low interest rate and have minimal loan fees for their customers. There is a lot to love with this simple website.

Cashusa.com

  • $100 – $10,000
  • Receive a loan decision in minutes
  • Get funds directly to your bank account
interest from5.99 – 35.99%

Fast 5k Loans

Best for reasonable auto loan rates

Fast 5k Loans is another excellent place to go if you need help from a lender that doesn’t perform an intense credit check. This company is one of the easiest places to get a small loan in a short period. It doesn’t take long to apply and secure $5,000 for your next vehicle purchase.

There are a few requirements you need to meet for a loan at Fast 5k Loans. You must be:

  • At least eighteen years old
  • The owner of a bank account
  • Able to prove you have regular income
  • A resident of the United States of America

These qualify you for a loan with Fast 5k Loans.

Whether you want to pay down existing debt or work on an auto loan refinancing, Fast 5k Loans is the place for you. They are ideal for those who need a little help with their car purchase, but not too much. You can’t get as much money from here as you can in other locations.

Fast 5k Loans

  • $1,000 – $5,000
  • Instantly approved
  • Fast application
interest from5.99%

OppLoans

Best for purchasing a Vroom vehicle

OppLoans is another excellent choice if you need help finding decent auto loan rates. They have years of experience and are reviewed well by Trustpilot. OppLoans works to create a plan that best suits your needs when on the hunt for assistance paying for a vehicle.

OppLoans is excellent because they offer:

  • Fast funding
  • No fees
  • Loans from $500 – $4,000
  • Personalized service
  • An easy application process

There’s a lot to love if you go with OppLoans.

OppLoans is ideal if you don’t need too much money and have low credit score history. They can point you in the right direction.

OppLoans

  • $500 – $4,000
  • No hidden fees
  • Personal service

Jora

Best auto loans with flexible payment options

Jora is the final company on this list. They offer installment loans up to $4,000, which can be very beneficial if you are in the market for a new vehicle. They are a state-licensed direct lender that permits access to any funds you might need.

Here are a few of the benefits of Jora:

  • Quick application process
  • No hidden fees
  • Money on the same day

These make it possible to get an ideal loan amount with a bad credit score.

Jora has tons of experience in the lending market. If you want a bad credit car loan from a company that has served thousands of happy customers, this online service is your best bet for a quality loan for a new car.

Jora

  • $500 – $4,000
  • Fast funds
  • Easy application

Final Thoughts On a Car Loan For Bad Credit

Anything can cause bad credit. Unfortunately, many financial institutions will not accept excuses for bad credit if you need a loan. Luckily, if you can’t get a loan from your usual financial institution, multiple lenders will provide a bad credit auto loan without too much work on your part.

It can be overwhelming dealing with bad credit. With the help of companies that offer a loan without too many minimum credit score requirements, you can get back on your feet and purchase your new car in no time. Auto loans for bad credit scores are only a few clicks away.

Frequently Asked Questions About Bad Credit Car Loans

There is no set credit score if you are interested in an auto loan. The minimum credit score varies from company to company, which is why you may get a loan at one place with a bad payment history and not at another.

Most lenders want a credit score of at least 660. The higher the score, the lower the interest rates will be for the loan. The interest rate from auto loan providers often depends on how reliable they think you are. If they fear you won’t pay them back, they charge more interest to ensure they get something out of it.

There are plenty of bad credit auto loan options out there. However, with traditional lenders and good credit, you typically can borrow more money for car loans. The higher your credit score, the more money available to you. What’s the ideal credit score if you want the best auto loan on the market?

In an ideal world, someone looking for a car loan should have a credit score of at least 660. If you want the best credit score possible, aim for 770 or above. This number will get you the lowest interest rates and the most money.

If you want a bad credit car loan, there are a few ways you can go about the process. Some are easier than others.

Here are a few options if you are interested in a bad credit car loan:

  • Apply for one through an online lender
  • Ask a friend to loan you money for a vehicle
  • Get someone to cosign with you

These are all excellent ways to find some additional money.

Of course, it’s critical to consider the cost of a loan. You have to repay it eventually, so it’s vital to determine if the loan is necessary before you borrow thousands of dollars from an entity. Do you really need a car loan?

If you have a poor credit score, a car purchase may feel out of reach. However, that doesn’t have to be the case. Online lenders make it possible to buy a vehicle, even if you have a long history of bad credit.

It’s more than possible to purchase a car with no credit. Companies make it easy to get financing, even if you don’t meet the standards in other locations. If you want a car, you don’t have to meet a minimum credit score to get one.

What Type Of Bad Credit Car Loan Suits Your Situation Best?

Compare the best loans in the table above.