Frequently Asked Questions about Poor Credit Car Loans

Here are the answers to the most commonly asked questions about poor credit car loans.

What are poor credit car loans?

Poor credit car loans are a more accessible and affordable alternative to dealership or traditional vehicle financing for those with credit challenges. Poor credit car loans can help people with poor credit histories finance the vehicle of their dreams without paying outrageous interest rates. Poor credit car loans are a form of independent, or third-party, vehicle financing.

How do I get quotes on poor credit car loans?

You can get up to five free quotes on poor credit car loans by filling out our simple, online sign-up form. Just provide us with some basic contact information, and we will instantly supply you with at least four quotes on poor credit car loans from various lenders. You see these quotes side-by-side to help you compare poor credit car loans easily. Because of our unique presentation system, our lenders are forced to compete for your business with their top rivals, which means lower rates for you. If you see a loan that meets your needs, you can sign up for it on the lender's website or you can save your quotes and return later.

Are you a lender?

No, we are not a lending institution, and we do not actually issue poor credit car loans. Rather, we are a free referral service that helps connect our visitors with lenders that can offer affordable poor credit car loans. Our goal is to be a one-stop-shopping destination for those in the market for poor credit car loans.

How do I know if I am a candidate for poor credit car loans?

The definition of poor credit will vary form lender to lender. Typically, though, persons with credit scores below 620 are generally considered to have poor credit. You may also be a good candidate for poor credit car loans if you have recent late payments on your credit report, a history of bankruptcy, or other credit challenges. Improving your poor credit may help you lower your interest rates.

Will I need to make a large down payment?

One of the ways you can obtain a more reasonable interest rate with poor credit car loans is to make a larger down payment. Ideally, you should make a down payment of about 20%. This will help you qualify for lower interest rates and will reduce your total interest expense over the life of the loan. However, if you don't have the cash to make a 20% down payment, our lenders will still be willing to work with you to find you poor credit car loans. Try to make the largest down payment you can.