Among an array of car dealerships, how do you find one that lets you move forward with confidence when you have bad credit?*
A little preparation is often the key that unlocks a smooth car-buying process and that feel-good purchase for years to come.
Consider starting with an online auto lender, such as RoadLoans, that enables you to work out what you may be able to afford, apply for preapproval and connects approved applicants to trusted dealerships nearby.
Here’s how RoadLoans empowers car shoppers and helps them find dealerships that work with bad credit.
From financing to finding a great dealership
Use a loan calculator to estimate what you can afford
See what kind of financing terms may work for you and help yourself to stay within budget at the dealership with our online calculators. They enable you to estimate a potential loan amount and monthly payment, factor in the effects of money down or a trade in, and how loan duration and interest rate affect the cost of the financing.
Apply for a loan with no pressure
It takes just a few minutes to complete our short online application and get a loan decision before you visit the dealer. As a full-spectrum lender, we accept applications from consumers with all types of credit, including those who have gone through bankruptcy and repossession or have no credit experience.
Download your loan packet and locate your dealer
If approved, you’ll receive multiple offers to match your unique needs. Review the details and select the best option. Also included in your documents is a preferred dealership that works with bad credit, located nearby. Alternatively, use our dealer locator to find another. We have relationships with 14,000 auto dealerships across the country that are able to show customers select, high-quality vehicles meeting our standards for age, mileage and financing, so they can shop with confidence. Download and print your documents and take them with you to the dealership.
Visit a dealer nearby and shop with confidence
Once at the dealership your preapproved loan voucher enables you to shop like a cash buyer, already knowing how much you have to spend and the terms on your financing, like monthly payment and APR. That enables you to concentrate on negotiating a great price for your chosen car and closing the deal. Once you’ve made your purchase, the dealer will work with us to finalize the paperwork.
Buy and drive the same day!
RoadLoans’ streamlined process enables our customers to apply for financing, buy and drive the same day if they wish. Loan approvals are valid for 30 days with no obligations, so if you’d like to take a little longer to shop or check out another in-network car dealership that works with bad credit, that’s fine too.
Locate a car dealership that works with bad credit near you
* “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.