Bad Credit Auto Loans Online in 2020

Bad credit car loans

The easiest and most convenient way to get your dream car is through Wowloans.  You only need to follow a few steps to apply for our auto loans and we work with bad credit applicants as well.

These are the people who have bad or no credit history and are looking for bad credit car loans. If you are in this category, then you are in the right place. We help people like you get approved for bad credit car loans every day!

With us, you will benefit from a completely online application process. You can also call us directly if you have any questions concerning our services.  

Here is an opportunity for you to drive your dream car.  Which model do you love, or do you want a car that can meet your needs?

We have a large network of dealers that are ready to provide whichever car you want; from economic cars to performance cars or luxury SUVs. Whatever option you decide is all yours. Getting access to a car is also a stepping stone to achieving financial freedom.

 

Bad Credit Auto Loans

Many dealers offer bad credit car loans and before you decide which dealer is the best for you, there is little work to be done. 

 

  • Which company will take less time to approve the funds?
  • We will ensure that you get the funds as soon as possible
  • Which company offers loans to people with bad credit?

Once you get approved for our auto loans, we will customize your repayment plan to help you achieve financial stability.

Whether you want a new or used car, we will ensure that you get an answer on time.  This is the reason why we are rated as one of the best providers for bad credit car loans.

Work with one of our reputable auto dealers

Working with a reputable dealer is crucial when applying for bad credit car loans, which is important that you know the people you are getting into a relationship with.

Wowloans is dedicated to helping clients find the best dealers.  We have a team of friendly and dedicated customer service assistants that are willing to help you get the right car for your budget and needs.  We will also help you get the car as soon as you need it.  

All our dealers have specialized in offering bad credit car loans and can guarantee the best car loans online.

Bad credit auto financing

Wowloans’s goal is to assist people who cannot qualify for auto loans in any other place. What makes us unique is that your bad credit car loan can be approved as soon as today.

This comes as good news for people with less-than-stellar credit scores.  We will ensure that you get the car you want and rebuild your credit at the same time.

You only need to complete our online loan request form and the money will be a stone-throw away. If you are tired of moving from one financial institution to another, then this is the right platform for you.

How can you get a car loan with bad credit? Is my credit score enough to purchase a car with no down payment?

 We will give you the answers to these questions and ensure that you get your financial life back in order.

 

Bad credit auto financing

 

Apply online today!

Life happens, and regardless of how this affected your credit score, don’t despair. Wowloans works with people of all credit types. 

 Whether it is a history of bankruptcy or previous repossession, we will still ensure that you get approved for bad credit car loans.  This is also another reason why we are on top of our competitors. 

The current statistics indicate that almost one-third of US residents have an average fico score of 601, which is basically a bad credit score. This is a clear indication that you are not alone when it comes to bad credit. Many other consumers are sailing in the same boat and as a result, they turn for bad credit loans online when they want to make a car purchase.

Wowloans has been in the car financing industry for over 20 years, assisting people with bad credit purchase a vehicle of their choice. 

We know how stressful it is to qualify for car financing with bad credit. And we are here to ensure that all your auto financing needs are met.

Requirements for bad credit car loans

 The main requirements when applying for our auto loans are proof of income and employment. We will then use our poor credit car loan calculator to determine the amount of cash you can qualify for.

The first step is to complete our online loan request form. Here, you have to show proof of income by attaching a copy of your pay stub. You also need to provide proof of residence and five personal references.

You have to provide full names as well as the addresses of all the five references. Lastly, you have to show proof of insurance, which is usually required by the car dealer after loan approval.

Why should you own a car?

Using a reliable means of transport to work or when going for a vacation is the most convenient way to travel. Once you are pre-approved for our car loan with bad credit, you will be a step closer to owning a car that you really need.

 Our car financing procedure is fast, simple and straightforward.  This puts us in the list of the best bad credit car loan providers in the region. We take pride in helping clients own their dream cars.

You may not realize the significance of owning a car until you find yourself in a tough situation. That will give you the urge to have your own car and drive to wherever you want to go and at any time you wish. Actually, this is one good reason why you should apply for our bad credit car loans.

You don’t need to have a huge sum of money to own a vehicle. A down payment is enough for you to start driving. One benefit of having a down payment is that it will increase your chances of qualifying for our car loans for bad credit.  

With no down payment and bad credit, there will be minimal chance of approval.  Wowloans has flexible repayment options that allow you to pay the loan in installments. With our bad credit financing option, you will not only own a car, but also a truck, van and other automobiles.

Get your dream car with our bad credit auto loans

Bad credit car loans are offered by dealers with the main aim of purchasing automobiles.  It is now possible for people with a history of bankruptcy and those with bad credit to own a car using auto loans with bad credit. 

The funds can be used to purchase a car, van, truck or any other vehicle. What’s more, you can pay the loan in equal monthly installments and not in a lump sum amount. Do not shy away from applying for bad credit car loans. Once you get the right loan for your car needs, then you are on the right path in making your life better.

The benefits of bad credit car loans

  •  You can qualify regardless of your credit score
  • Fast, easy and straightforward loan application
  • The easiest way for people with bad credit to own a car
  • Friendly and efficient customer service that can guide you through the process of applying for the loan
  • Flexible repayment plan
  • Competitive interest rates
  • No hidden charges
  • Fast and easy application

Wowloans has designed its loan application in a way that you can apply right at the comfort of your place.  Provided you have a stable internet connection, it is easy to apply for our loans from any location.  

With the simple application process, it is now easy for everyone with bad credit to own a car.  Our requirements are also flexible enough for almost everyone to meet. You can, therefore, be guaranteed a less stressful application process when applying for our loans online.

A large network of dealers

When it is time to start looking for a car, we will ensure that you get one depending on your choice and budget.  Thanks to our large network of auto dealers, it will be easier for you to find a car that you really need and at your preferred terms. 

 So if you need a specific type of car, just know that we work with over 30,000 dealers across the United States.  We have a reputation for helping people with bad credit fulfil their dreams of owning a vehicle. 

And just like our past clients, you will also be happy to know that we can find a car you are looking for! By working with us, it can only take a few minutes to apply for our loan and be on the road a few days after.

 With the help of dealers, we’ve been able to assist car buyers with their specific bad credit car loan needs. We feel that you will be able to find the car you are looking for! With our assistance, you’ll get approval in a few minutes and you’ll be on the road in just a matter of days.

What do you need to qualify for bad credit car loans?

Getting an auto loan with bad credit from us is simpler than ever before. However, there are a few things that we require for you to benefit from our products and services. We aim to help people with their car buying process and this is the reason why we have a simple and straightforward loan application process.

Requirements for bad credit car loans

  • A government-issued ID card
  • Personal references (5)
  • Proof of income
  • Your authorization to insure the car

Buy new or used cars with bad credit car loans

Wowloans will help you buy either a new or used car with ease. Whether you have a bad credit history or you recently filed for bankruptcy doesn’t matter to us. 

With our large network of dealers, we can connect you to one that suits you best. Once you meet all our requirements, you only have to apply for our bad credit car loans and we will be ready to finance your car. Whether you want a new or used car, we are always ready to help you own a vehicle of your dreams. 

You can get a hassle-free experience when buying a car, truck or van with us. We have specialized in providing poor credit auto financing that is designed to meet individual needs no matter what their credit history or fico score is.

Steps to getting bad credit car loans

You might be wondering how you can go about the process of getting a car loan with bad credit.  First, your application for bad credit car loans has to be approved. After this, the following steps will be much easier.

Step 1

You have to apply for the loan online. This will show us that you are interested to get our services. You can apply for the loan regardless of how bad your credit score is.

All you need to do is complete our online loan application form. There are several questions that you will need to answer in this step. The importance of these questions is to ensure you get the right car that suits your needs and preferences.

Step 2

This involves pre-approval. Pre-approval will give you the chance to compare options from different car dealerships. All our dealers offer hundreds of vehicles and you can choose one that can reach your standards in terms of age and mileage.

Step 3

This is where you get your preferred car.  The only thing you have to do is check whether the car is what you really wanted.    

Any credit can apply

One of the requirements for qualifying for a bank loan is a perfect credit score. This makes it almost impossible to qualify for a bad credit car loan in a traditional financial institution.  Wowloans, on the other hand, offers easy vehicle financing services.  

We offer customers all the assistance they need as far as bad credit car loans are concerned. Unlike banks and credit unions that list a good credit score as one of their loan approval requirements, we give people with bad credit a chance to own a car of their dreams as well.

Your fico score shouldn’t be as high as 700 to qualify for an auto loan with us. In fact, people with bad credit can enjoy the same benefits including low rates as those with a high credit score. It is possible to qualify for an auto loan with flexible terms and low APR even when you have bad credit. And that is not all; you can also qualify for an auto loan of as high as $20,000! 

 Research clearly indicates that it is only a small percentage of Americans that can boast of good credit.  This doesn’t mean that you can’t live the way you wish just because you have bad credit. Even with bad or poor credit, you can still get approved for bad credit auto loans with Wowloans.

Easy and quick bad credit financing

We not only have a fast and easy application process, but our interest rate is also competitive.  So if you are searching for bad credit car loans, then look no further.

We will ensure that you get an auto loan that suits your needs. We have helped many people get the financing they need for used and new cars. Whether you have no credit or history of bankruptcy doesn’t matter. We will still assist you to get one of the best bad credit car loans from our reputable dealers.

 

Easy and quick bad credit financing

What is a credit score?

Simply put, a credit score is the numerical representation of one’s creditworthiness. It is a three letter digit that indicates how responsible you are with credit payments. 

Credit score plays an important role when you want to apply for any type of loan, including bad credit car loans.  Every consumer needs to know what his or her credit score is.

Additionally, you have to know the important steps that need to be followed in establishing and maintaining your credit score.  Even so, it is still possible to get an auto loan with bad credit.

Getting an auto loan with bad credit

You might be thinking; is it possible to qualify for an auto loan when I have bad credit?

Absolutely yes!

But still, you should make it an opportunity to improve or boost your credit profile.  Your credit score may as well determine how much you can qualify for. Fico score ranges from 850 to 300.   It can be portrayed as follows;

300-579 -poor

580-660- fair

670-739 -good

740-799- very good

800-850- excellent

Different factors are put into consideration when calculating individual credit scores. 

Is it possible to qualify for a car loan with a FICO score of 600? 

Yes

There are many options available for people to get bad credit car loans. And if you pay on time, your credit score will greatly improve.  It is even possible to buy a car online regardless of your credit score. 

Remember that not everyone has a good credit history. Lenders also have different requirements for approving bad credit car loans. And good credit is not one of these requirements. 

Be proud of owning a car even when you have a bad credit score! This is an opportunity to enhance your future financial life and move to destinations you have never been. 

So if you feel that getting an auto financing is a good move for you, we are always ready and willing to help.

As little as 500 down payment

 If you have a low credit score of 500, you can give as little as $500 as down payment for a bad credit car loan. Speaking of bad credit, most people in this group believe that they have limited options available.

What makes us unique is that we offer quality financing for high-quality automobiles.  And of course, it is very possible to put $500 as a down payment for a car. But in this case, you may get a used car due to the following reasons;

  • You qualify for a lesser amount
  • You get a low-interest rate
  • Low monthly payments

No down payment requirements for applicants with bad credit

Getting a bank loan with bad credit isn’t as easy as it seems. Luckily, it is still possible to qualify for bad credit car loans. 

Usually, when you are looking for bad credit car loans, you first have to ensure that all your documents are in order and other requirements are met as well. This is one trick that can increase your chances of approval. 

 If you have a credit score of as low as 500, be prepared to pay up to five times more than what other applicants pay.  But if you make a down payment of only$500, then car purchasing won’t be that difficult.

  • It is easy to be preapproved for bad credit car loans at Wowloans
  • After this, we will arrange the car purchase from one of our reputable dealers
  • You then have to fill the paperwork, and the car is all yours!

Large down payment leads to low rates

One option that you can use to buy a car with fewer challenges is by making a huge down payment.  Making down payment will increase your chances of qualifying for an auto loan. And the more down payment you make the lower your monthly payments will be.

Bad credit car loans can boost your credit score

Auto loans are also available for people with bad credit. But it is also important to implement some strategies that can improve your credit score. To start, you need to ensure that all your outstanding debts are fully paid. You also have to pay your bad credit car loan on time. 

When looking for bad credit car loans, you should compare quotes from multiple providers. Actually, your aim should be to get the lowest rate possible.

When it comes to car loans, just a small difference in terms of interest can be a good amount of money and can also determine how long the loan term will be.

How can the loans improve my credit score?

As already stated, you can improve your credit score through bad credit car loans. With time, we can help rebuild your credit. Do you know that applying for auto loans can boost your credit score as well?

This is true, although it can also take some time, financial awareness, research and patience. To break this down, a proper bad credit loan from a reputable lender can improve your score.

 Here is how bad credit auto loans can improve your score;

  • A bad credit car loan will add depth to your credit profile. Just like applying for credit cards,  bad credit car loan information will also appear in your credit report.
  • After you qualify for a bad credit car loan, we can personalize the payments to fit in your budget. You can even pay more than the minimum amount. If you have bad credit, try to pay off the loan on time.
  • Paying more than your minimum monthly can also play a role in improving your score. A bad credit auto loan will in no doubt help improve your credit, but this is only true when you make payments on time.
  • With our bad credit auto loans, you will also get a chance to own a vehicle. Car ownership can also qualify for other loans, like auto loans which can also boost your credit when making full and timely payments.

Bad credit loan calculator

Before applying for a car loan, the most crucial thing is to estimate how much the deal will cost using a bad credit score calculator.  This will also give you a chance to estimate the value of the car.

Another benefit of using a bad credit calculator is that you can get a loan amount that can fit in your budget. Wowloans has a car repayment calculator that can help you understand how the loan term and interest can impact your budget. Here is important information that is used to estimate the right car loan option;

The loan amount

This is the amount of bad credit car loan you intend to borrow

The loan term

Refers to the loan duration

The annual percentage rate

The interest rate that you will pay annually

Once you come up with these figures, it will now be easier to shop for a car that fits in your budget. This is because you will be conversant with the terms involved in the car purchase.  It will be easier to apply for the loan either online or in person.

Finding the best car loan with bad credit

Wowloans does the best it can to ensure that you get a car loan with bad credit. We have an experienced staff that will ensure you get the right loan that can fit in your situation.

We will go over all your details before you sign any papers. Our goal is to ensure that you know every detail on how the loan works before signing the dotted lines.  Our friendly and knowledgeable customer service team can help you with this.

If you want to get more information on how our loans work, kindly visit our blog section for other important information and tips. The information will help you get the best car deals and save money in the process.

Bad credit auto lenders near me

We are happy to help you find the right auto financing. We are one of the few companies that offer auto loans with flexible terms and affordable rates.

With multiple locations in the United States, friendly and knowledgeable customer service and acceptance of bad credit, there is no reason why you shouldn’t consider us for your auto loan. 

As already stated, we are available all over the United States!

You might also be thinking if there are bad credit car loans near me.  The answer is yes. Wowloans works with a large network of dealers located all over the United States and it is easy to find one who is willing to finance your car.

Join us today!

Wowloans works with thousands of dealers in the United States. This makes it easier for our clients to find their dream cars. We are here to ensure that you get the best experience when buying a car.

So if you are looking for a car dealership that is willing to finance your vehicle regardless of how bad the credit score is, look no further. We will ensure that you get the best dealer as soon as you need car financing services.  

If you have any questions concerning your credit, we will also help you out.  And if you are looking for bad credit car loans online, we are ready to help.