Autopay’s minimum recommended credit score is 580, right at the bottom of the 澳洲幸运5官方开奖结果体彩网:fair credit range (580–669). It asks for at least six months of credit history to help prove your creditworthiness. Autopay is a marketplace 🥀that offers every type of auto loan—new, used, and refinance—and w🌄orks with over 200 partner lenders to help you finance a vehicle. 

You can borrow as little as $2,5♑00, which is nice if you’ll be paying some with cash and only need to borrow a small amount, or if you’re financing an older, less expensive vehicle. Or, if you’ve been paying off a loan and don’t have much left, you can refinance without borrowing more than you need. And if you owe more than your car’s worth, you can borrowℱ up to 160% of the value of the vehicle.

Take note that some borrowers may pay an origination fee of up to $450, depending on f༒inancial and credit details.

You can have a de✤cent credit score with just barely enough credit history to gener♛ate a score. But many lenders look for some amount of credit experience along with a credit score, such as a certain number of accounts or a certain length of account history. So, despite a decent score, you may still find yourself denied for loans.

MyAutoLoan could be what you need. Its minimum recommended credit score is 600, near the bottom of the fair range, and it has no minimum credit history requirement. That doesn’t mean ♓you’re guaranteed approval as long as your score is good enough—it just means myAutoLoan doesn’t set a specific restriction for amount of credit experience. MyAutoLoan is a marketplace, not a lender itself; it’ll send yo𒊎ur loan details to up to 23 partner lenders.

You’ll need to borrow at least $8,000 for new and used car loans, whic꧟h is quite a bit more than most finance companies, and at least $5,00🗹0 when refinancing. 

Lenders look at more💮 than just credit scores—they also look at income. If your credit isn’t the best, this can make getting a loan all the more difficult. But look for the right lenders before you begin rate shopping, and you may be able to save some time and find a loan that works for you. LendingClub—which is actually a bank, not a marketplace—should be on your list.

LendingClub’s minimum income requirement is $1,000 per month, which is the lowest of any fꦦinance company among our top pick🃏s. It looks for a minimum credit score of 600, with account history from at least three accounts. Your debt-to-income ratio can be up to 70%, and you can borrow up to 140% of the vehicle’s value, if necessary. 

You can only borrow up to $55,000, however, which is the lowest amount we found in our research into auto finance companies. And customer support hours are limited to Monday through Friday, unlike 🐲many companies that offer support on weekends.

If you don’t have the best credit, finding and financing a vehicle can be a bit more of a headache. You might want to take some of the hassle out by usi♏ng an all-in-one website where you can find, buy, and finance a vehicle.

CarMax is a great place to shop used cars, especially older cars. You can finance vehicles up to 11 years old wi🤡th CarMax, and unlike most auto finance companies, it has no maxi꧑mum mileage restrictions.

When browsing, you can ch𒁏eck nearby offers, but distant vehicles can be shipped in as well. Prices are final, with no negotiation, but you can pre-qualify to see how much you’d pay for any particular vehicle. Loans may be approved and funded on the same day for qualified borrowers. Once you decide on a vehicle, it can be ꦏpicked up at a CarMax store or delivered to your home or workplace. 

If you want to refinance and your credit score is around the edge of fair ꦿand bad (580), you may need to work with a lender with more lenient requirements. OpenRoad Lending looks for a minimum credit score of 480 and has a minimum income requirement of $1,500. OpenRoad will provide your information to its partner lenders to help you get a loan; it’s not a lender itself.

Depending on the terms of your new loan, an auto loan refinance can lower your monthly payment and ligh♏ten your debt load. You may end up paying more overall, though. If rates have gone down or your credit has improved since you first borrowed, you might be able to refinance at a lower rate and save some money.

Be aware of the limitations: You can only refinance cars up to eight years old🦩, with up to 140,000 miles. OpenRoad looks for a debt-to-income ratio of 33% or less. And some borrowers may need to pay an origination fe🍸e up to $299.

If you’re in the fair credit range and you’d like to work directly with a bank, ratheꦓr than an aggregator, Ally is worth considering. It asks for a minimum credit score of 520, with $2,000 in monthly income, but there’s an important limitation.

You can’t pre-qualify or apply for new and used car loans online. Instead, you’ll need to visit a partner dealership and apply for a loan there. You can check Ally’s website for partner dealerships near you. You can pre-qualify and apply for Ally’s auto refinance loans onlin♔e, however, along with cash-out refinance loans. You must borrow at least $5,000 with new and used car loans, and at least $7,500 for refinance loans.