In-Depth Review: Competitive Rates, Even With Bad Credit

Shopping around for a new car can be exhausting. Running around from dealership to dealership trying to get the best deal can take weeks or even months.

The good news is that you don’t even have to leave your couch to get a good deal on an auto loan. There are several applications that can help you simplify the process of financing a car. SuperMoney’s auto loan offer engine, for example, allows you to see what rates and terms you prequalify for without hurting your credit. is a direct lender that lets you do everything online, from the pre-application to the post-approval process. Read on to learn more about the lender’s auto loan program.

Who are auto loans designed for?

Just about anyone can apply for a auto loan.

The lender has competitive interest rates whether you have excellent or bad credit. It’s a good option if you need to borrow anywhere between $7,500 and $100,000 for your vehicle purchase.

The company operates in 46 states, though, so depending on where you live, you might not be eligible to borrow from this lender.

About was founded in 2011 to provide auto loans to consumers across the credit spectrum. The company is currently managed by Flagship Credit Acceptance, which services all of its loans.’s application and approval process is 100% online, so you don’t need to worry about working with a dealer or going into a bank branch to get your loan.’s auto loan program offers both new purchase and refinance auto loans, depending on your needs. Loan amounts range from $7,500 to $100,000, and you can choose a loan repayment term up to 72 months.

“The process of applying was quick and easy,” says Ben Jackson, a teacher and recent customer. “I got my approval and loan terms within 30 minutes of applying.”

Using a loan instead of getting your loan at the dealership allows you to shop like a cash buyer. That’s because you already have the funding you need before you start car shopping. interest rates and fees

You can’t know for sure which interest rate you qualify for until you go through the pre-approval process. That said, the lender offers competitive interest rates regardless of where your credit is.

Check out our review page to get the most up-to-date interest rates.

As for fees, doesn’t charge you for applying for a loan, and you won’t have a prepayment penalty fee if you choose to pay off the loan early. That’s important because it gives you the flexibility you need if you choose to refinance the loan in the future. eligibility requirements

The lender doesn’t list any credit score requirements for its loans. However, it does require that you earn at least $2,000 per month in gross income. Additionally, you’re not eligible if you live in one of the following states:

  • Michigan
  • North Dakota
  • Nevada
  • Oklahoma also has some restrictions on which cars you can buy. For example, the car needs to be eight years old or newer and have no more than 100,000 miles. Also, you can’t use the car for commercial purposes, so no Uber or Lyft driving. doesn’t finance motorcycles or heavy duty and super duty trucks. There’s also a long list of makes that are ineligible, including:

  • Alfa Romeo
  • Aston Martin
  • Bentley
  • Ferrari
  • Hummer
  • Isuzu
  • Lamborghini
  • Lotus
  • Maserati
  • Maybach
  • McLaren
  • Mercury
  • Oldsmobile
  • Pontiac
  • Rolls Royce
  • Saab
  • Saturn
  • Smart
  • Suzuki
  • Tesla

Applying for a auto loan

If you’re interested in getting an auto loan with, the application process is simple. You don’t need to worry about finding approved dealers. Just start the application process online and follow these steps:

1: Fill out what type of loan you want and your personal information.

CarFinance auto loans review

2: Share information about where you live and how much you pay for rent or your mortgage.

CarFinance auto loans review

3: Disclose your employment status, then agree to’s terms and conditions.

CarFInance auto financing

4: You’ll typically get an immediate response whether or not you’re pre-approved. After that, you’ll provide some more information about how much you want to borrow. You’ll also upload any required documentation, like proof of residence or proof of income.

5: Once you get approved, you can then take your funding certificate to the dealership and buy your car.

Should you get a auto loan? is a great option for people with bad credit.

In addition to applying with, you should also apply with other top auto lenders to compare rates and terms. SuperMoney’s  auto loan offer engine allows you to see what rates you prequalify for without hurting your credit. Shopping around is the single best way you can get the best interest rate on your next auto loan.

“ was perfect for me,” says Jackson. “Other lenders wouldn’t touch me with a 10-foot pole because of my bad credit. My interest rate is fairly high, but it’s better than not getting approved at all.”

The more time you spend comparing different offers, the better your chances are of getting the best loan for your credit and financial profile.

Featured Auto Lenders

Lending PartnerMinimum APRLoan Amount 
3.59% APR (with AutoPay)*$5K to $100K*Apply
1.99% APR*$10K to $100K*Apply
5% APR*$7.5K to $45K*Apply
1.99% APR*Up to $15K
(Military only)*