Bad Credit Auto Loans: Best Companies of 2017

Consumers who struggle with bad credit are often the most frustrated when they are trying to purchase a car. A reliable vehicle is a necessity, but most people with poor credit scores cannot get approved through traditional methods, or they end up with interest rates that are through the roof. MyReview wants to help connect you with reputable auto loan companies that work with even the poorest of credit scores. Check out our top companies to help you find an auto loan with poor credit.

Best Auto Loans for Bad Credit Companies

1. Auto Credit Express GO TO WEBSITE


Overall Rating
  • Approval regardless of credit history
  • Easy, 3-minute application process
  • In business for nearly two decades
  • Up front about approval requirements
  • Closed over 1 billion dollars in bad credit, used, and bankruptcy auto loans
Click here for sign-up form, terms & details
Interest Rate In Business Since Application Length Reputation Score
Varies 1999 3 Minutes 9.0/10



Overall Rating
  • In business since 1994
  • Network of over 1000 subprime lenders
  • Free application
  • Specializes in bankruptcies, poor credit, first-time buyers, and subprime loans
  • Affordable payments and great rates
Click here for sign-up form, terms & details
Interest Rate In Business Since Application Length Reputation Score
Varies 1994 3 Minutes 8.5/10



Overall Rating
  • 2 minute application
  • Specializes in bad credit situations
  • Very low interest rates
  • Approval within minutes
  • Personalized loan offers catered to each customer
Click here for sign-up form, terms & details
Interest Rate In Business Since Application Length Reputation Score
Varies 2003 2 Minutes 8.3/10

Review Summary

Getting an auto loan with poor credit may have been a pain in the past, but it doesn’t have to be anymore. Now all you need to do is check out our rating summary below and choose the service provider that works the best with your situation. Then, simply click on the link and apply right online. Easy like it should be.

Rank Auto Loan Application Length Expert Rating
#1 Auto Credit Express 3 Minutes 9.0/10
#2 3 Minutes 8.5/10
#3 2 Minutes 8.3/10

Top Auto Loan Questions Answered

Guided by:
Kim Jones, Finance Editor

1. How does bad credit affect my auto loan?

Bad credit affects your auto loan mainly in the form of interest rates. It’s a balancing act when it comes to your credit score and auto loans. Basically, when one of them is low, the other will be high. A low credit score will result in higher interest rates, but a higher credit score will result in lower interest rates. You can absolutely get an auto loan with a poor credit score, but you’ll need to be prepared to pay some extra cash due to higher interest rates.

There are a few ways you can combat high interest rates, though. First, interest rates for new cars versus used cars will vary. In general, new cars come with a lower interest rate. There are multiple reasons for this, such as dealerships wanting to move more new cars so they drop interest rates as an incentive, or the fact that dealerships know how much new cars will depreciate in value over the years. For dealerships and lenders, it’s all about calculating risk and making a decision that’s in their best interest. Often, however, their best interest and the customer’s are not the same. That’s why the second method for combating high interest rates is so important: shop around for good rates! Even if you have bad credit, multiple lenders will still offer you auto loan options, so look through multiple pre-qualification offers to see which one fits you best.

2. Can I refinance my auto loan when I have bad credit?

Refinancing is possible if you have a bad credit score. If you’re buried under a very high interest rate and you’re paying way more than the car is worth, you can refinance. However, if you’re going to refinance, make sure your credit score is a least slightly better than when you bought the car. People who benefit the most from refinancing are those who have been working on improving their credit score and have raised it a few points since they bought their vehicle.

3. How do I find a good auto loan, even when I had bad credit?

The first step to getting a good auto loan with an affordable rate is knowing your credit score. You don’t want to get to a dealership, pick out a car, then find out that you have a poor credit score when you go to apply for a loan. You’re a lot more likely to settle for a loan with an unnecessarily high interest rate if you haven’t done your research, checked your credit score, and shopped around for loans yourself.

Next, beware of anyone saying that you can get financing no matter what your credit looks like. When you hear "No Credit? No Problem!" then it’s generally a good idea to head the other direction. While these dealerships and lenders may offer you a loan, it will probably be a loan with a jacked up interest rate that’s only intended to make the dealership and lender money, not help you get into a loan that’s affordable for you.

This brings us to our third point: do your research and find a reputable lender that specializes in subprime auto loans. There are a lot of sites out there that will connect you as a consumer with lenders that specialize in working with bad credit situations. They’ll give you the best rate possible, and it will give you an opportunity to shop around and see what you should expect from a loan. This way, you’ll be better equipped to spot a bad rate if you’re offered one.

Bad Credit Stats

The average credit score of American consumers:










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”I was doing research online about how to rebuild credit after my divorce when I came across MyReview. I was amazed at the detail of all their research. I ended up finding a great credit repair company, was approved for a secured credit card, and I’m now in the process of applying for a mortgage! I found all the companies I’m currently working with through MyReview and I couldn’t be happier with my choices.” – Jim Messenger

”I knew nothing about credit until I went to buy a car and couldn’t. I immediately started doing research online and came across MyReview in the process. Not only did their articles help me understand how to build good credit without going into debt, but their reviews helped me find a company that would offer me an auto loan despite my lack of credit history. Thanks for your help, MyReview!” – Vanessa Hickens

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