6.99%
48 to 72 months
Up to $50,000
None
Getting a car loan after bankruptcy can be tricky, but Westlake Financial could help. Bankruptcies won’t automatically exclude you. You might also qualify for a car loan with no credit.
Still, just because you qualify for a Westlake Financial car loan doesn’t mean it’ll be cheap. You could pay an annual percentage rate (APR) of up to 29.99%, as well as hundreds in fees.
Read our full Westlake Financial auto loan review.
Westlake Financial has very few requirements. It states that it can approve those who have:
Also, note that you can only get a Westlake Financial auto loan if you buy through a dealer in its network.
5.69%
24 to 96 months
$2,500-$100,000
550
Autopay is a loan marketplace. Instead of offering car loans directly, it links potential borrowers with partner lenders. You’ll fill out one application and Autopay will present you with a group of loan offers. Using a marketplace can make it easier to find the cheapest rate since you’ll have multiple offers to compare.
Autopay doesn’t disclose its maximum APR, which isn’t ideal. Lenders only give their minimum APRs to people with excellent credit. Autopay’s advertised rate won’t apply to bad credit car loans.
Read our full Autopay marketplace review.
Although Autopay has lenders in its network that offer bad credit car loans, you need a credit score of at least 550 to qualify. It doesn’t offer any other insight into its borrower requirements, but you can prequalify online.
5.99%
24 to 72 months
$500-$100,000
None
CarMax Financial auto loans can come with a lot of perks.
If you find a better offer within three days of your car purchase, you can back out of your CarMax Financial loan through the Three-Day Payoff Program. Plus, you could get your car delivered to your home for free if you live within 60 miles of a CarMax dealership.
As CarMax’s in-house financing arm, CarMax car loans are only available at CarMax dealerships. And since CarMax only sells used cars, a new car is off the table.
Read our full CarMax Auto Finance review.
CarMax Financial doesn’t have a minimum credit score requirement. Although it doesn’t give concrete details, it reviews your credit history to check for on-time payments. It may also require a down payment.
Also, you won’t find CarMax in Alaska, Arkansas, Hawaii, Montana, North Dakota, South Dakota, Vermont, West Virginia and Wyoming.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
6.49%
36 to 72 months
Starting at $4,000
Not specified
Internal LendingTree data shows you could still qualify with Capital One with a less-than-perfect score. You can get a preapproved car loan on Capital One’s website, but you can only use it at partner dealerships.
Capital One’s car shopping app, Auto Navigator, can also help you stick to your budget. The app will show you cars available at partner dealerships and customized estimated payments based on your prequalification offer.
Read our full Capital One auto loan review.
Capital One doesn’t specify its borrower requirements, but the following vehicles are ineligible for financing:
6.85%
36 to 72 months
Starting at $5,000
None
If you’re comfortable buying a car online, Carvana could be a solid choice for bad-credit car buyers. It doesn’t have a minimum credit score requirement. However, Carvana car loans only apply to cars sold on Carvana.com.
Online car buying can be quick and easy, but you can’t check out the car in person before buying (at least, not with Carvana). Also, Carvana has faced several lawsuits regarding tag and titling issues, which is something to consider.
Read our full Carvana Financing review.
To qualify for Carvana financing, you must:
It’s possible to qualify for a loan with a 500 credit score, but keep in mind the lender might have other requirements, too. You might also need to earn a certain amount of money every year or have been at your job for a specific length of time.
The best way to see if you qualify for an auto loan is to prequalify. It doesn’t require a hard credit hit, so prequalifying won’t negatively impact your credit.
The lowest credit score for a bad credit auto loan varies. Some lenders don’t require a particular credit score at all. Keep in mind, though, that the easier it is to get a loan, the more expensive that loan will probably be. Even if you have bad credit, shop around and compare offers to find the loan that’s best for you.
Generally, “buy here, pay here” car lots are the easiest places to get financing. That said, you might have other less-expensive options.
Buy here, pay here dealerships are often predatory. Instead, prequalify online with a few lenders to make sure that you truly have no other option. That, or skip financing altogether and pay cash for a cheap used car.
