- No minimum credit score
- In operation for 25 years
- Personalized customer service
- Not a direct lender
- Not entirely an online operation
- Rates are not transparent
Online application but no learning resources
Customer services and support
Limited ways of reaching lender
Offers all loan types
Eligibility (credit score)
Accepts all credit types
Car.Loan.com works with an extensive network of lenders and dealers across the United States to find deals for bad credit and no credit borrowers. Using Car.Loan.com is free, and it shouldn’t take up too much of your time either. It takes approximately three minutes to fill out the online form, and an agent should contact you with multiple loan offers within 24 hours.
Although Car.Loan.com accepts all customers, it is most suited to borrowers with bad credit or no credit. If other lenders or marketplaces have rejected you, Car.Loan.com can help. It works with dozens of lenders and thousands of car dealerships, many of whom have no minimum credit requirements for financing.
Car.Loan.com focuses on assisting people with bad credit or no credit in finding auto loans and in-house financing. The platform also provides educational resources to help each user understand their financing options.
Here are some of the advantages of using Car.Loan.com:
- Access to a network of dozens of lenders around the United States
- Access to a network of thousands of deals offering in-house financing
- Each user is assigned a dedicated agent to help find the most favorable auto financing deal
- No minimum credit scores, all borrowers may be approved provided they meet other minimum requirements
- It takes just three minutes to fill out the online form and start the application process
- A free loan estimator shows how much you can borrow, depending on your monthly income and payments
To request a quote, click “Online form” at the top of the Car.Loan.com home page and fill out a short online form. After submitting the form, you should receive a phone call from a Car.Loan.com agent within 24 hours.
Applicants must meet the minimum requirements (with the option of bringing in a co-owner to help meet the requirements):
- Monthly gross income of $1,500.
- At least six months of employment in your current position.
- Three years of employment history, with no significant gaps between jobs.
- Proof of residence on a current utility bill in your name for the address listed on the application.
- Proof of a working landline or cell phone in your name.
- Six to eight personal references.
Loan Types and Terms
Car.Loan.com specializes in auto loans and in-house financing options. The following are a few details on these options.
- Auto loans: Includes loans for new and used cars from dozens of partnering lenders, with no minimum credit score.
- In-house financing: Car.Loan.com helps find a dealership in your area and even sets up a meeting between you and the dealership’s finance manager.
- Refinancing: A new, improved auto loan to replace your old one.
Car.Loan.com’s service lacks transparency when it comes to rates and terms. Car.Loan.com states on its website that APRs range from 0% to 25%. This is misleading because no lender would offer auto financing at 0% (otherwise, how would they make money?). Also, this is just a range, and the final APR depends on your credit and whether you meet other requirements.
Because Car.Loan.com works with bad-credit and no-credit borrowers, APRs will presumably be closer to 25% than 0%. Car.Loan.com does not specify its loan terms, but considering its wide network of lenders, it’s fair to presume that a full range of loan terms from 12 months to 84 months are available.
How Safe Is It?
Car.Loan.com has been operating since 1994. Given how long the website has been in existence, it’s no surprise that the platform enforces strict security and encryption protocols. Car.Loan.com exists to connect users with lenders, and it reserves the right to share your data with its partners.
Help & Support
This service operates on the principle of “don’t call us, we’ll call you.” After you request a quote, a Car.Loan.com agent should call you within 24 hours. Unfortunately, Car.Loan.com does not encourage people to call it directly. However, if you have a query, there is a contact form on the website.
How Car.Loan.com Compares
|APR||Up to 25%||Starts from 2.39%|
|Minimum credit score||None||None|
|Loan amounts||Up to $45,000||Up to $300,000|
|Loan term||12-84 months||12-84 months|
|Suitable for||Getting a car loan with bad or no credit||Comparing offers from a variety of lenders|
Because of the lack of transparency, it is difficult to make a head-to-head comparison between Car.Loan.com and other auto loan marketplaces. To find out what Car.Loan.com can offer, fill out the application form on its website. Consider comparing the results with those from other lending marketplaces.
If you have bad credit or no credit, or have found yourself rejected by auto lenders for other reasons, Car.Loan.com may be able to help. Car.Loan.com is a longstanding online platform that helps connect bad credit drivers with lenders and dealerships throughout the United States. Car.Loan.com’s APRs are not the lowest, but if you are suffering from bad credit, it’s worth seeing what this service can do for you.
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