Bad Credit Auto Refinance

Refinance your car loan with bad credit

Are you looking for a fresh start on your auto loan?

Refinancing may be just what you need.

Even with bad credit,* you can still apply for terms better suited to your situation, like a more affordable monthly payment, a lower APR with savings on interest, even cash back to pay off high interest debt or make a large purchase for the home.

Refinancing an auto loan with bad credit is quick, easy and stress-free, especially when you choose the right lender, and you may make your life a whole lot more comfortable in the process.

Where should you start?

You can refinance a car at almost any time; there’s no minimum waiting period before you can start filling out an application.

While some lenders won’t accept applications from consumers with bad credit, there are plenty that will, including some banks, credit unions and finance companies, such as RoadLoans. We’re an online lender that accepts applications from people with all types of credit, including those who have been through bankruptcy.

You may want to check your credit history first, though, to look for errors that could cut your chances of landing better terms. Credit history is one of the main factors lenders look at when making a loan decision, so also consider building your credit to strengthen your position before applying.

What do you want to get out of it?

Think about your priorities. Refinancing an auto loan with bad credit often takes place with the following potential outcomes in mind:

A lower monthly car payment
Whether you’re simply looking to make a saving or are worried about not being able to keep up with a high monthly payment on your current note, refinancing may result in a more affordable outlay. It might come from a lower interest rate, or by extending the loan duration, or both. In cases where the loan is extended but the interest rate stays the same, you may find yourself paying more interest in the long run.

A lower rate
Refinancing a car for a lower interest rate and APR (when the loan term is not extended) could slim down what’s paid in interest charges and provide a decent saving.

Cash back to pay off debt or make a large purchase
Turning equity in the vehicle into cash in hand is another potential outcome. A cash-back payment could provide valuable funds to pay off higher interest credit card debt, pay unexpected medical bills, help with home repairs or buy a large household item, for example.



Learn more about how to refinance a car loan.

Applying online takes just a few minutes, it’s free, and you’ll get an instant decision.

Get Started


How RoadLoans may help refinance your car with bad credit

We offer two refinancing options that may better suit your situation.

Traditional auto refinancing

  • Skip your auto payments for up to 60 days†
  • Lower your monthly car payments†
  • Lower your ARR†

Cash-back auto refinancing

  • Access extra cash to spend as you choose†
  • Tap into the value of your car to help pay off other credit obligations
  • Improve your auto loan terms†

Auto refinancing with RoadLoans is simple and seamless. Our secure, online application takes no more than a few minutes to complete and we’ll send you a decision in seconds.†† Approved? Put your feet up and leave the rest to us.

RoadLoans is the direct-lending platform of Santander Consumer USA, a trusted national auto lender and part of global banking group Banco Santander. We have years of experience helping customers of all credit types purchase the vehicles that help life’s wheels go round.

See if you can start saving on your auto loan.

Apply for Refinancing 
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These statements are informational suggestions only and should not be construed as legal, accounting or professional advice, nor are they intended as a substitute for legal or professional guidance.

RoadLoans is not a credit counseling service and makes no representations about the responsible use of or restoration of consumer credit.


* “Bad” or “Poor” credit generally is considered a FICO score around 600 and below by sources including the Consumer Federation of America and National Credit Reporting Association (reported by the Associated Press), Bankrate.com, Credit.com, Investopedia, NerdWallet.com and others. The Congressional Budget Office identifies a FICO score of 620 as the “cutoff” for prime loans. FICO scores are not the sole factor in lending decisions by RoadLoans.com and Santander Consumer USA.

† View disclosures and offer information.

†† We do not accept applications for refinance the loans of existing Santander Consumer USA and Chrysler Capital customers.