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Whether you want a new or used car, let our lender network offer you a bad credit auto loan quote. It takes only minutes to apply and there's no obligation to accept. We'll try to help you get the lowest interest rate, regardless of bad credit or no credit. Good or bad credit auto loan calculator (for bad credit, calculate with a higher interest rate)
Select Lenders from the options below. A new window will open, so you can apply with multiple auto lenders for multiple quotes.
New car loans, used auto loans and auto refinancing. Why stand in line at a bank when you can easily shop for an online auto loan? And why limit loan options to an auto dealership which might add their fees? Apply online for an auto loan regardless of bad credit or no credit.
Benefits of applying for a bad credit auto loan online: Online application and loan processing makes for interest rates that are substantially lower than the national average. And application is fast and free.
How online auto loans work: Same as a loan from a bank. You'll receive a check which you can use at any dealership as cash.
Online auto loans can beat car dealership loans: Curb car dealer scams and dealership financing tricks with an online auto loan. Having a check in hand before you visit an auto dealership can give you greater bargaining power.
Getting a good or bad credit auto loan: When seeking an auto loan, be aware that dealer financing may not be the best deal. Get auto lender quotes directly and compare the financing they offer with a dealer's offer. Offers vary, so shop around for the best deal. Be sure to compare the annual percentage rate (APR) and the term length of the loan. When negotiating an auto loan, be wary of focusing only on the monthly payment. The total amount you will pay depends on the price of the car you negotiate, the APR, and the loan's repayment term.
Dealers may offer low auto loan rates for specific cars or models, but may not be willing to negotiate on the prices. To qualify for the special rates, you may be required to make a large down payment, and these offers may not apply to bad credit auto loan applicants. With these conditions, you may find that it’s sometimes more affordable to pay higher financing charges on a car that is lower in price or to buy a car that requires a smaller down payment.
Before you sign an auto loan contract, consider the terms of the financing and evaluate whether it is affordable. Some dealers and lenders may ask if you want to buy credit life or disability insurance to pay off your loan should you die or become disabled. In many cases, you can obtain lower rate insurance if you deal directly with an agent instead of purchasing from the dealer or lender because you won't have to pay their commission fee.
You may discover that having a check already in hand can get you a better deal. So apply online now and get free quote for a good or bad credit auto loan.
Get the latest auto industry news and locate other auto loan articles. Visit our other loan calculator options.
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