![]() Why we chose it: Capital One allows you to prequalify before fully applying for a loan, which reduces any potential negative impact on your credit.Ĭapital One doesn’t have strict credit requirements, so options are available for people with bad credit. Must apply with a dealer to finalize loan terms.Only available at participating dealerships.You won’t need to make a payment for 45 days after approval. Loan approval can take up to 48 hours, which is longer than many other online lenders. Lenders may request other documents as needed. Your base application may require copies of your driver’s license, proof of insurance, proof of income, proof of residence and a payoff letter for refinancing. ![]() Autopay will generate a list of loans you qualify for and run a hard credit check when you pick a loan offer. You can pre-qualify for Autopay loans by filling out a simple application. ![]() Loan terms are also available in a wide range from 24 to 96 months, giving you more flexibility for monthly payments. You won’t have to take out more than you need, but you can take out a larger loan for more expensive or higher-quality vehicle purchases. Fortunately, the website offers a wide variety of auto loans for individuals with bad credit.Īutopay can provide a fairly wide range of loans as low as $2,500 or as high as $100,000. You should therefore research each lender to see if you qualify for a specific loan. Instead, credit requirements are set by each individual lender. Since Autopay acts as a loan comparison site, it doesn’t have a solid minimum credit score.
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