Auto Credit Express helps borrowers get auto loans for both new and used cars, and has partnered with over 1,404 dealerships nationwide.

Auto Credit Express

Though they’ll work with you regardless of what your credit score is, what they do best is connect borrowers whose applications may normally be declined with lenders who specialize in subprime (low credit or low income) loans.

Some low credit lenders may have a bad reputation, but Auto Credit Express actually works with lenders who give out competitive rates. As a company they have received nothing but good reviews online. Their slogan is “Rebuilding America’s Credit” and it actually appears to be genuine.

Car Loan Application Requirements

Start by filling out the online loan request form. It only takes three minutes to complete, and only moments to get pre-qualified. This stage doesn’t involve a hard credit check, so your credit score won’t go down a few points during this time.

Once you’re pre-qualified and choose a local lender to work with, the actual hard credit check will occur. From here you’ll provide the same standard assortment of information as you would with any lender:

  • Photo ID
  • W-2 forms
  • Tax returns
  • Bank statements
  • Pay stubs
  • Proof of insurance
  • Proof of residence
  • Working phone number

The process is extremely fast; in fact, many customers report driving home with a car the same day that they applied. Most businesses offering this kind of speed and expedited service are usually payday lenders and the like, but the Auto Credit Express application process is so streamlined they’re able to offer legitimate loans with good rates the same day.

If you have poor credit, know that most lenders want to see that you’re pulling in at least $1,500 to $2,000 a month. Plus, if you need a subprime loan, these loans typically require either a $1,000 or 10% down payment (whichever is less).

If you can’t meet this requirement, you may need to either improve your credit or save up for a down payment first before you can get approved. However, ACE can connect you with over 500 loan options nationwide.

Types of Auto Loans Available for Low Credit Borrowers


Buying a car with a bankruptcy on your record is indeed possible. There are just a few more hoops you may need to jump through, including:

  • $1,000 down, or 10% of the selling price (whichever is less).
  • Cosigner with average to good credit.
  • A lower loan amount (keep in mind that subprime lenders only like car payments to take up 15% to 20% of monthly income).
  • Filed discharge on your credit report.


If you’re a member of the armed forces, you could be eligible to receive better rates regardless of your monthly income and credit score. Because your employer is the federal government, lenders know you have a stable source of income.

Not only could you get better rates, but the approval time for the loan is faster and easier. You’ll also have more flexible payment options and could have less stringent terms and conditions. If you’re an active member of the U.S. military, this is a no-brainer auto loan to pursue.

Leasing Deals

Leasing options are typically only offered to people with good credit; however, there are dealerships willing to lease out to low credit buyers with a few caveats.

  • You’ll have a down payment
  • You’ll have higher interest rates
  • You may have to make weekly or bi-weekly payments

$500 Down

Geared towards people who have a credit score between 500 to 640, and only $500 available for a down payment. Fill out the loan request form and first get pre-approved. From there, Auto Credit Express will take a look at your gross monthly income and your debt to income ratio (DTI) and calculate how much car you can afford.

Next, a local car dealership will contact you and review your application information. They’ll show you what cars you can afford. Don’t think you can only afford a used, second-hand vehicle. Buy used if you want, but the $500 down loan option is for both used and new cars.

Low Income

Auto Credit Express works with over 100 low credit lenders, and each low credit lender has an average of five lending programs for people with bad credit or low income. That means 500 loan programs are at your disposal when you work with ACE. These “subprime” loans do have certain criteria that borrowers must meet to be eligible. These typically include:

  • One year at a job; three years of continuous employment (maximum of three employers in three years).
  • At least $2,000 a month gross income (if you make less, there are still options).
  • DTI of no more than 40-50%
  • Maximum payment-to-income ratio 15-20%–meaning the price you pay for the car cannot be more than 20% of what you make.

Special Finance

Auto Credit Express does work with certain finance companies that don’t even bother looking at your credit score. They work off the notion that your job is your credit, so all you have to do is prove you have a steady source of income and a stable residence, and they’ll approve you for the loan. As a general rule of thumb, these types of lenders charge higher interest rates with shorter loan terms, so there is a certain amount of risk involved for both parties.

Fees and Rates

Auto Credit Express doesn’t charge anything for the service of connecting you with a low credit lender. By and large, it’s a service offered to borrowers to help them rebuild their credit score and financial profile.

Because it connects borrowers with lenders based on their credit score, no matter how low or high, rates vary depending on the loan type and lender. That being said, customer reviews point to the rates being fair and manageable.

Auto Credit Express Application Process

The process is a fast one. Apply online for pre-qualification first. Auto Credit Express then matches you up with the best lender in a vicinity near you.

You’ll be sent a list of recommended lenders known to work with borrowers with your particular credit score and financial profile. Choose the one you like best, and from there go pick out a car. Once you’ve picked out your car, the process is the same as it would be at any dealership.

Special Features

The top thing to keep in mind is that Auto Credit Express is connected with over a hundred low credit, low-income lenders nationwide, all of which have multiple programs. With over 500 loan programs to choose from that are specifically tailored for people with bad credit or low income, anyone that needs a car can potentially get one.

Bottom Line

If you have bad credit, low income, or both, Auto Credit Express can link you to a lender to finance your car purchase. The payments will be both fair and manageable, and will put you on the road towards better credit.