7 Car Dealers That Accept Bad Credit for 2023

Auto Credit Express is a platform dedicated to providing car loans to individuals with bad credit. They cater to applicants with poor or no credit history, and even those who have experienced bankruptcy.

This service stands out for its willingness to approve subprime auto loans for older, high-mileage vehicles, a type of request that traditional lenders often reject.

With a minimum credit score requirement of just 400 and down payments as low as zero to $500, Auto Credit Express makes acquiring a bad credit car loan accessible even if you’re short on cash.

Keep in mind that a consistent income is necessary for approval. Applicants must have a minimum pre-tax monthly income of $1,500.

When applying, anticipate inquiries about your employment status, such as your weekly working hours and overtime. Despite this, their online loan application process is quick and easy, taking only about three minutes to complete.

Read our full review of Auto Credit Express

CarsDirect is an excellent platform for individuals with low credit scores looking to purchase and finance a vehicle.

Their auto loan program involves a straightforward application process, post which they connect you with dealership offers within a span of 24 hours.

This setup allows you to explore both new and used car options via the dealer, with a tailored auto financing plan already established.

CarsDirect accommodates borrowers across the credit spectrum, including those with poor credit scores or recent bankruptcy filings.

Some associated lenders also offer the flexibility of getting a bad credit car loan with a cosigner, allowing you to benefit from improved interest rates and more favorable loan terms.

For a more detailed analysis of CarsDirect, you can refer to our comprehensive review.

Read our full review of CarsDirect

car.Loan serves as a facilitator for individuals with poor or no credit to gain access to bad credit auto loans, which can be challenging to find elsewhere.

The platform pairs you with dealers who can provide financing options irrespective of your credit profile. With online pre-approval in place, you can begin your car hunt locally.

car.Loan.com collaborates exclusively with a network of dealers who focus on specialized financing. These dealerships offer in-house bad credit auto financing, which allows them to prioritize a candidate’s income over their credit score.

The unique process provides clarity on where to look for a car, merging the ease of online financing with the practicality of an in-person vehicle search.

A request form takes a mere three minutes to complete. Typically, you can expect a response within 24 hours, which means you could start your car search in just a day or two.

Read our full review of car.Loan

You can find both new and used car loans at myAutoLoan. They also offer private party, lease buyout and refinance loans. myAutoLoan matches you with online lenders to provide up to four auto loan offers in as fast as four minutes.

The minimum credit score requirement is 575. Because myAutoLoan works with multiple lenders, you may find lending guidelines less restrictive. For example, there are no set rules on whether you’ll need a down payment or how much you can borrow.

Instead, each lender has its own policies when analyzing your credit scores, income, loan amount, and loan term. You’ll also find various funding options, including ACH, check, and bank deposit.

You can review all the offers you qualify for without any obligation to accept any of them. Still, myAutoLoan puts each application through a patented analysis process to make sure you’re matched with relevant auto loans.

Read our full review of myAutoLoan

When applying for bad credit auto financing with Carvana, you will find the process to be user-friendly and direct.

They offer a seamless online platform that allows for easy browsing and selection of vehicles, making the purchase of a vehicle convenient from start to finish.

However, it’s important to remember that financing rates and terms may not be as favorable for those with bad credit compared to individuals with good credit.

In addition, Carvana offers a unique 7-day test-to-own period, a feature not common in the auto industry. This allows buyers to try out the car for a week before finalizing their purchase, providing an additional level of comfort and confidence in their choice.

In the face of higher risk associated with bad credit auto loans, DriveTime works to establish trust with customers.

They do this by providing a clear understanding of the terms and conditions, the potential for higher interest rates, and the likelihood of a down payment.

DriveTime also differentiates itself by providing a no-haggle pricing policy, meaning the price you see is the price you pay. This removes a common stress point in the car buying process and simplifies the negotiation process.

Bear in mind that individuals with poor credit may face higher interest rates and more restrictive loan terms than those with good credit.

However, CarMax is committed to offering a stress-free car-buying experience, including a 7-day money-back guarantee on every vehicle sold.

This allows buyers the flexibility to change their minds if the vehicle does not meet their needs or expectations.

With the combination of its wide variety of vehicles and its commitment to customer satisfaction, CarMax is a solid choice for those looking to navigate the often complex path of securing a car loan with bad credit.