Best Auto Loans for Bad Credit 2026
Our Top Picks
Capital One Auto Navigator
Best OverallWhy we recommend it: Accepts 500+ credit scores with a soft-pull pre-qualification that won't hurt your score. Works with 12,000+ dealers nationwide. Best for bad credit borrowers who want to shop at dealerships with financing already in hand.
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myAutoloan
Best Rate ShoppingWhy we recommend it: One application, up to 4 competing loan offers. Accepts 575+ credit scores. Comparing multiple offers is especially important for bad credit borrowers — rates can vary significantly between lenders.
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Carvana
Best for No-Hassle PurchaseWhy we recommend it: No minimum credit score stated — Carvana works with all credit profiles. Buy a car entirely online with delivery to your door. 7-day return policy. Rates may be higher for bad credit but the convenience and no-pressure experience is unmatched.
Affiliate disclosure: WiseIQ may earn a commission if you apply.
Frequently Asked Questions
Can I get an auto loan with bad credit?
Yes. Lenders like Capital One Auto Navigator (500+ minimum) and myAutoloan (575+ minimum) specialize in bad credit auto loans. Expect higher interest rates (10%–20%+) compared to good credit borrowers. A larger down payment (10–20%) can help offset the higher rate.
What credit score do I need for a car loan?
Most lenders require a 500–580 minimum credit score for auto loans. Capital One accepts 500+. myAutoloan accepts 575+. Some buy-here-pay-here dealerships have no minimum, but their rates are extremely high (20%–30%+). Avoid buy-here-pay-here if possible.
How can I improve my chances of getting an auto loan with bad credit?
Get pre-approved before visiting a dealership. Make a larger down payment (10–20%). Have a co-signer with good credit if possible. Compare multiple lenders — rates vary significantly. Avoid applying to many lenders simultaneously as multiple hard inquiries can lower your score further.
Should I refinance my bad credit auto loan after improving my credit?
Yes. If your credit score has improved since you got your auto loan, refinancing can significantly lower your rate. AutoPay and Capital One both offer auto refinancing. Wait at least 6–12 months after your original loan and aim for a 620+ credit score before refinancing.