General

Best Car Loan Rates for Bad Credit in June 2022

Overview: Autopay is an online marketplace of loans from banks, credit unions and other credit institutions. The ease of comparing multiple offers helps to get the best deal with bad credit.

Why Autopay is best for buying multiple offers: The ease of comparing multiple offers helps to get the best deal with bad credit. While the minimum credit score is not disclosed, the range of lenders promotes a wide range of availability.

Pros and cons:

Pros

  • Multiple lenders with one application
  • Simple application form to speed up the process
  • Customer support six days a week

cons

  • Maximum APR not disclosed
  • Not usable for used vehicle purchases
  • Possible Deposit Requirement

Who is this lender suitable for: A driver with bad credit shopping online for a new vehicle or refinancing.

Impact on financial well-being: Borrowers will have to undergo a hard credit draw, which affects your credit score.

Time to receive money: Financing is available from one business day after application approval.

Cost: Potential costs vary depending on your matched lender.

Additional requirements: Unfortunately, Autopay does not offer loans for used vehicles. So you’ll have to shop elsewhere if you’re buying second-hand.

Particularities: Autopay also offers cashback refinancing and lease payout refinancing options.