Bad Credit Car Loans | Auto Financing Rates in 2021

Loans Offered by RixLoans

Easy and quick online cash advances, cash loans, and more are available.

Installment Loans

Get the money you need now. Repay it over time.

Apply Now

Payday Loans

Short-term loan that is payable on the borrower's next payday.

Apply Now

Merchant Cash Advance

A merchant cash advance is a source of funding for firms.

Apply Now

Title Loans

Obtain the necessary funds while driving your automobile.

Apply Now

Bad Credit Car Loans In 2022

The easiest and most convenient way of owning the car of your dreams is through Rixloans.  Applying for Rixloans loans is easy, and any credit type can qualify.

You may have a poor credit history but desperately need a bad credit car loan. We work with people who have the same issue every day, and they always walk away with a car loan, no matter how bad their credit score is.

Our loan applications are made online. Otherwise, you can give us a call. A chance to own a car that you have always wanted is here.

Which model do you prefer?

We work with a large network of car dealers that can offer any type of vehicle you need, from economy cars to performance cars or even luxury SUVs.  You only need to decide which car to choose. 0wing a car is a good indication that you are on the right path to financial freedom.

Before choosing a car dealership, you need to put important factors into consideration. For instance, you can ask these questions.

Which company offers instant financing?

Rixloans, of course, will ensure that the funds are approved as soon as you need them.

Which company works with poor or no credit applicants?

We can also help you out.

Besides, our repayment terms are personalized to ensure that you can comfortably pay the debt. Ask us any questions concerning our loans, and we can guarantee a timely response. For these reasons, we are on the list of the best companies for bad credit car loans in the United States.

Work with one of our reputable dealers.

When looking for car loans with bad credit, the most important thing is to find a reputable and reliable dealer. Rixloans is willing to go through this process that would otherwise be difficult if you have no idea where to start.

We have a team of dedicated customer service that can go the extra mile just to ensure that you get the auto financing you need. We ensure that our customers’ experiences are smooth when looking for bad credit car loans. With us, you can get the auto loan you need and buy your dream car within the shortest time possible. We also work with a large network of car dealers that are willing to finance people with bad credit.

Bad credit auto loans

We take pride in helping consumers get auto financing when their loan requests are turned down in other places. What makes us unique is that you can apply and qualify for a car loan for bad credit today! Most importantly, we offer credit to people with no or low credit history.

Our mission is to ensure that each consumer can get auto financing for a car purchase. And with our loans, it is also easier to build credit and qualify for affordable financing in the future. You only need to visit our website and complete your bad credit car loan application.  After this, your loan will only be a click away.

Are you tired of moving from one bank to another for your auto loan application to be approved? Do you think that your credit score is not enough to qualify for a car loan? Don’t despair. Rixloans is ready to provide the finances you need for your first or next car. We will answer all the questions you might have concerning our bad credit car loans and ensure that you get the finances on time.

Apply for bad credit car loans today

You might have been in a tough financial situation that contributed to your poor credit. Don’t worry. Rixloans works with people who have bad credit scores as well as repossession and bankruptcy history.

People in any of these categories can still qualify for a car loan and own the vehicle of their dreams.  This is another reason why we stand out in the car financing industry. With us, you can qualify for auto financing regardless of the mistakes you made in the past that affected your credit profile.

The current statistics indicate that about a third of residents in the United States have a bad credit score (which is basically a credit score of less than 601).

This gives you a clear picture of how the situation really is, and when it comes to bad credit, you are definitely not alone. A good number of Americans suffer from bad credit, and as a result, they go for bad credit car loans to help them with car purchases.

We have been in the industry for more than 20 years, helping people with bad credit get the financing they need. And we will continue to do so to matter how difficult the situation gets.

We know how stressful it is to purchase a car, and if you do not work with the right guys, the whole process can be a mess. This is exactly the reason why we are in the industry; to offer bad credit auto financing to people who really need it.

Requirements for bad credit car loans

To qualify for auto financing with us, you first need to have a reliable source of income. We will use a poor credit loan calculator to determine how much you pre-qualify depending on your financial status. When approving loan requests for bad credit car loans, the main requirement is to have a reliable income source.

How bad credit loans work

The first step to getting a car loan for bad credit is submitting an online application. Here, you have to show proof of income, which is a pay stub in this case. You also have to show proof of residence in the form of a receipt for utility bills.

Next, we will run your credit to determine how your financial situation. When completing the loan application, you must provide 5 personal references. You have to provide full names as well as the addresses of all these people. Proof of insurance is also required.

Lastly, you must show proof of identity by issuing a copy of your driver’s license.

Why you should drive your own car

Using a safe and reliable source of transport is more convenient. Once you are pre-approved for auto financing, you are just a few steps away from owning a car. Rixloans makes the car financing process smooth and straightforward. We are among the top auto financing companies around, and we are proud to see our customers drive away with brand-new cars. This is the same thing we want to see with you.

And by the way, you may not notice how essential a car is unless you are in a tough or awkward situation. For instance, you may get late for work when using public transport or an emergency happens in a different location that needs to be attended to immediately.  This will fuel your desire to apply for a bad credit car loan so you can travel to any place you wish, no matter how late or early it is.  This is also another advantage of our bad credit car loans.

The issue of downpayment

You might not have all the money needed to purchase a vehicle in cash. But once you make a down payment, be confident that you will be a car owner soon. A down payment increases your chances of getting approved for a car loan for bad credit.

Applying for a bad credit car loan with no money down can be a gamble; you may either get it or not.  But if you put some money as a down payment, it will improve your chances of approval.

Our repayment options are flexible enough for you to pay in installments. With our bad credit car loans, you will have the chance to own any vehicle you want, whether it is a car, van, truck, or any other automobile.

Purchase your dream car with auto loans for bad credit

Bad credit car loans are cash advances that are solely used to buy a vehicle. People with bad credit and those who recently filed for bankruptcy can now buy a car. This is attributed to the availability of bad credit auto loans.  The loans can be used to purchase any form of automobile, be it a car, vehicle, van, or even truck.

Bad credit car loans are paid in fixed installments until the loan term ends. Do not shy away from applying for bad credit car loans. Once you decide that owning a car is the best thing to do, then you are on the right path to making your life better.

Benefits of applying for bad credit car loans

  • People with any credit type can qualify
  • The application process is fast, easy, and straightforward
  • It is now easier to apply for bad credit car loans compared to the past
  • Flexible payment terms and long repayment duration
  • Effective and friendly customer service that can help you through the process of applying for bad credit car loans
  • No hidden charges
  • Affordable interest rates
  • The fast and easy application process

Our car loans for bad credit are designed in a way that you can apply and qualify for the loan even when you are at home. We have effective customer service that can review your loan application for bad credit auto loans at any time.

Thanks to our fast and easy application process, it only takes a little time to get the car you want. We also have fewer requirements that most people can meet.   You can get a smooth and hassle-free experience every time you apply for a car loan with us.

Over 30 000 dealers

Once you apply and qualify for a car loan with us, we will ensure that you get a car that can meet your needs and preference. Rixloans works with a large number of car dealers across the United States.  So if you want a specific car, we will ensure that we find a dealer who can offer it from our top car dealers.

We have helped millions of car dealers with specific requirements to get a car that suits them best. And the fact that we work with bad credit applicants also makes things easier. No matter how unique you want the car to be, we will ensure that you find it. Trust us for your car needs and get approved for a bad credit car loan in a matter of minutes.

Requirements for bad credit car loans

Getting a car with the help of Rixloans has now been easier than ever before. However, there are some requirements that you have to meet in order to benefit from our products and service. Our aim is to help more and more people who need a car to get a bad credit car loan. Here are some of the things you need to have when applying for our car loans;

  • A government-issued ID card (we won’t ask for a social security number)
  • Proof of income
  • Permission to ensure the vehicle
  • 5 personal references
  • Commitment to purchase an automobile from any of our 30,000 plus authorized dealers
  • You may also need to file a credit application

Buy a used or new car with bad credit car loans

Rixloans will help you get the financing you need for a new or used car through a smooth and straightforward process. We don’t care whether you have been through repossession or bankruptcy. And whether you were denied a car loan from other lenders also doesn’t matter to us. We will still connect you with a car dealer who is willing to finance your car.

Once you meet our requirements, then qualifying for a car loan with us will be much easier. We will make it easier for you to buy a car regardless of whether it is a new or used vehicle. Buying a car, van, or truck with us is a smooth and unforgettable experience. Our loans are also designed to help your unique needs. And you can still qualify whether you have a poor or no credit history.

Getting a car loan with bad credit-3 simple steps

You might be wondering how possible it is to get a car loan if you have bad credit. The first step is to have your loan request form approved. After meeting our requirements, the next step won’t be that difficult.

Step 1

Submit an online application. Once we get this application form, it will be a clear indication that you are interested in our auto loan for bad credit.  It does not matter how bad your credit score is. You only have to apply and leave the rest to us.

At this stage, there are some questions that you will be asked. Ensure that you give accurate answers since your response will be used to determine the best loan option for you.

Step 2

This is the pre-approval stage. At this stage, you can visit one of our recommended dealerships and choose your preferred car. Our dealerships offer high-quality vehicles, and it is easy to find one that suits you best.

Step 3

This is the stage where you can access the car. You just need to confirm if this is the same car you needed.

No credit, bad credit, poor credit, or excellent credit can apply.

When applying for a traditional car loan, one of the main requirements is a good credit score. So if you have bad credit, your chances of qualifying for the loan are minimal. When it comes to Rixloans, we will ensure that you get the best bad credit car loan that you can ever find. When you come across the term vehicle financing, just know that we are the leaders in the industry.

Traditional financial institutions list a good credit score as one of their approval requirements. But we are the opposite. Our goal is to ensure that people with bad credit can also own the vehicles of their dreams. We won’t discriminate against you just because you don’t have a fico score of 700 or higher.

People with bad credit enjoy the same privileges as those with excellent credit. In fact, you can even qualify for low APR and flexible repayments even with a bad credit score. Applicants with bad credit can qualify for a car loan of up to $200,000. Just because you have bad credit doesn’t mean that you can’t enjoy the luxuries that life has to offer; like owning the latest car model. So if you have bad credit, come to us, and we will ensure that you are pre-approved for a car loan.

Easy and fast car loan financing for bad credit

We offer the lowest rates, and it is also easy to apply for our bad credit car loans. Visit our website and submit your application. After this, we will ensure that you get the best car loan around. Our loans are available for both new and used cars. No matter how bad your credit score is, you can still qualify for our car loans. We will connect you with a reputable dealer that is ready and willing to finance your next car purchase.

What is a credit score?

This is a three-digit number that the lender uses to determine your creditworthiness.  This is an important factor that determines how easy or difficult it is to qualify for a loan. It is important to know what your credit score is and the steps that can help improve your credit. That aside, you can still qualify for car loans even with a bad credit score.

Can I get a car loan with bad credit?

Definitely. Regardless of how your credit score is, you should never let it define you. Instead, make it an opportunity to improve your financial situation. Lenders will review your credit score when approving your bad credit car loan. Here is a representation of how fico scores are;

800 – 850: Excellent

740 – 799: Very Good

670 – 739: Good

580 – 669: Fair

300 – 579: Poor

Not all lenders use the same scoring model and other factors are also put into consideration like your income for instance and calculating individual credit scores.

Is it possible to get a car loan if I have a credit score of less than 600?

There are plenty of bad credit car loan options available for people with bad credit. Besides, the loans can also help rebuild your credit score if you make timely and full payments.  It is even possible to buy a car online with bad credit.

Remember that the financial situation varies among people. Lenders also have different criteria to determine whether you can qualify for a car loan with bad credit. Rixloans is also the same, but a credit score isn’t one of these factors.

Be proud of owning a car by applying for our bad credit car loans now.  This is a step to achieving financial freedom and you can even travel to places you have never been before. It is all on you to decide which car you like and whether you can afford to make the payments.

Do you need a car loan as soon as today? Contact us for help

$500 down payment for bad credit car loans

If you are a low-income earner, you can still qualify for a car loan by putting in $500 as a down payment. Applicants with low credit scores can also do the same. You might be tempted to assume that there are limited financing options for people with bad credit.

This may be true when it comes to banks and credit unions. But with us, we can guarantee a bad credit car loan for a quality car. In fact, you can even get a car with as little as $500 money down. However, you may have to purchase a used car in this case due to the following;

  • You can qualify for a lower loan amount
  • Lower monthly payment
  • Lower interest rate

Bad credit loans, no down payment

Bad credit auto loans can be a challenge. Luckily enough, you can easily apply and qualify for our bad credit car loans. When looking for a car with bad credit, you should also be sure of what you really want.

Knowing where you stand in terms of finances and credit will also help you make wise decisions when choosing a car. If your credit score is lower than 599, you may end up paying up to five times more than those with a good credit score.

But if you put a down payment of as little as $500, getting an auto loan with better terms won’t have that difficult.

  • Apply and get preapproval for a bad credit car loan today
  • We will connect you to a reputable dealer within your state
  • Sign the paperwork, and the car is all yours

A larger down payment means low interest and a short repayment period

One way to easily get a car loan with flexible terms is by making a large down payment. If you put as little as $500 money down, you will increase your chances of approval. But with a higher down payment, you can also benefit from low-interest rates and short repayment terms. This is why people with bad credit are advised to make a large down payment.

Apply for a bad credit car loan and improve your credit score

It is true that you can qualify for an auto loan with bad credit. Still, it is important that you come up with ways to improve your credit score. To start, ensure that all your outstanding debts are paid.

And with the car loan, you should avoid making late payments. If possible, pay more than the minimum monthly every month.  Once you are ready to look for a car with bad credit, do not forget to compare options from different lenders.

This also applies when refinancing the car. The reason for this is to get a dealer with low-interest rates. Just a small difference in interest for car loans with bad credit can be a significant amount eventually.

Tips for improving your credit score

As already stated, it is possible to improve your credit score by applying for our bad credit car loans. With time, the loan will help rebuild your credit.

Did you know that it is possible to improve your score once you qualify for a bad credit car loan? This is actually true, although it requires time, patience, and financial awareness.  Here are some of the reasons why our loans can help you;

  • Applying for a car loan for bad credit will add an entry to your credit history. Just like credit cards, a bad credit auto loan will also appear on your credit report. This additional entry is important, especially when you are starting to build your credit.
  • After qualifying for a car loan, you can also choose terms that suit you best. If possible, use this chance to make more than the minimum amount. Paying the loan early is good for your credit score. But this can only apply when the dealer does not charge prepayment penalties.
  • With our auto loans for bad credit, you will get the chance to own a car when everyone else says no. And with the car, you can also get a title loan when you get a financial emergency. This can also add marks to your credit if you pay on time.

Bad credit car loan calculator

Before applying for a car loan, it is also important to use a bad credit score calculator to determine the maximum amount you can qualify for depending on your credit score.

You will also know how much your car of choice costs and whether you can afford to make the payments. With our car loan calculator, you will be able to tell how the interest rate will affect the loan term. Here is what you need to know in order to calculate the total cost of borrowing.

Bad credit car loan amount, interest, and APR

  • The loan amount is the principal car loan amount that you borrow
  • The loan term is the duration that the car loan will be paid for. This can be several years depending on the principal amount.
  • Annual percentage rate, APR

After you estimate how much you need to spend on a car, it will be easier for you to find the right one depending on your needs and budget. This is because you will have an idea of how much the deal will cost.  It will also make it easier to apply for a car loan from us, either online or in person.

Best car loan for bad credit in the United States

Rixloans does its best to ensure that you get the car loan you need. Our knowledgeable staff will guide you through finding a car that fits your budget. We will ensure that we go through the entire paperwork before getting loan approval. Our goal is to ensure that you know what you are getting into with no hidden agenda whatsoever.

To get more information concerning our car loans, please go through our blog section on the website. You will also get information on how to save money even after applying for our bad credit car loans.

Bad credit car loan lenders near me

We look forward to approving your application for a car loan with bad credit. We not only offer loans at affordable rates, but the repayment is also manageable. In fact, our rates are among the best you can find around.  We have multiple locations across the United States, and with our friendly customer service, you can also be sure of getting the best services.

So if you have ever wondered if there are bad credit car loans near me, just know that you can find one. At Rixloans, we have locations in different parts of the country and the fact that we work with over 30,000 dealers will also make it easier to get the car you need.

Work with one of our top dealers.

Rixloans works with thousands of dealers all over the United States. With them, finding a used or new car will be easier than ever before. We are here to ensure that you get the best experience when buying a car. Regardless of how your credit score is, look no further.

We will ensure that you get in touch with one of our reputable dealers and drive your dream car as soon as possible. No matter what question you have concerning our car loans for bad credit, we will ensure that you get the right response.


Author: Kimberly Chantal Parkes

Social Media:

Kimberly Chantal Parkes is a former contributor to Rixloans. Kimberly Chantal is a freelance copy editor and writer with a specialization in personal financial planning. After having graduated from Kansas State University with a bachelor's degree in journalism, she began her career in media wearing many hats for community newspapers within the Kansas City area: writer as well as copy editor, photographer and coffee runner among other things.

Copyright © 2023 | All Rights Reserved