For many people, owning a car isn’t an option, it’s a necessity. But for those who have been affected by involuntary unemployment or debt incurred as a result of major medical expenses, buying a new car can be challenging when applying for a car loan.
Thankfully, all hope is not lost. Numerous websites make it easy for people with poor credit to qualify for a car loan.
Finding Bad Credit Auto Loans: Autoloan.com
While Autoloan.com offers car loans to everyone, they specialize in matching car buyers who have bad credit with over 400 lenders.
To apply for a bad credit auto loan using Autoloan.com, click Bad Credit Auto Loans from the top row of tabs on the Autoloan.com home page. Click Bad credit auto loan requirements page to view important qualifications and restrictions. Then click online auto loan application and complete the form.
Finding Bad Credit Auto Loans: LendingTree.com
Made famous for its free competitive mortgage and auto loan quote services, LendingTree.com allows car buyers with bad credit to apply for car loans.
From the LendingTree.com home page, click the Auto Loans tab at the top of LendingTree’s home page. At the top of the Car Loans page, note that the car buyer can compare up to four auto loan offers using LendingTree.
Click the Loan Type drop-down list and select Buy Vehicle, then click Start Request. When completing the application, click the How would you describe your credit history? drop-down list and select poor.
Finding Bad Credit Auto Loans: E-Loan
E-Loan is a popular finance website offering personal banking, mortgages, home equity loans or lines of credit, and car loans.
To find a lender offering bad credit auto loans to car buyers with poor credit, click Start Now under Auto Loans. Select Auto Loan, then select car loan type. In the Estimate Your Credit drop-down list, select Poor. Click Start Now to redirect to Roadloans.com and to complete a car loan application.
Finding Bad Credit Auto Loans: Credit.com
Credit.com is a one-stop shop for credit information regarding credit cards, loans, credit reports, and debt help. To find a bad credit auto loan using Credit.com, select Loans > Auto Loans from the top row of tabs on the Credit.com home page. Click Car Loan, then complete the form for a free auto loan quote.
Finding Bad Credit Auto Loans: Yahoo! Autos
Yahoo! Autos is a car research website not unlike Edmunds.com or Cars.com. To find bad credit car loans using Yahoo! Autos, click the Finance tab at the top of the Yahoo! Autos home page.
In the Lock In a Low Rate Today box, note the links to Yahoo! Autos car loan partners including AutoLoanDaily.com, Carloan.com, CarsDirect.com, and DriverApproval.com. Look for lenders that offer bad credit loans.
Finding a car loan can be a challenge for the average car buyer let alone for those with poor credit. But using websites such as Autoloan.com, LendingTree.com, E-Loan, Credit.com, and Yahoo! Autos, the car buyer who needs a little extra help in financing the auto has a much greater chance of finding a suitable car loan.
See related articles, “How to Find Car Loans Online," "Finding Unsecured Loans vs. Secured Loans," and "How to Finance a New Car With a Car Loan."
Daniel Gansle - Daniel J. Gansle is the author of 2012: Day of Reckoning, graduate of Anthropological Studies and expert in ancient Mayan culture.
