What are the vehicle eligibility requirements for bad-credit car loans?

Answered by Car Loans Expert Johnny on December 26, 2020

I've got bad credit and I want a loan for an older car. How do I know if this car is eligible for a loan?

expert avatar

Johnny

Car Loans Expert

This really varies from lender to lender, as there is no universal standard that all lenders adhere to. However, most lenders will only give borrowers with bad credit a loan on a passenger vehicle that is no older than 10 years, has less than 100,000 miles on the odometer, is worth more than $5,000, and has a clean and clear title. Lenders also tend to steer clear of vehicles with unresolved accident damage.


Car Loans

Have an insurance question?

Our insurance agents are ready to help you, for free.

Ask your question, it’s 100% free
Recommended
Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
Gabriella R.
Find savings (100% Free)
stars4.6/5 Rating on App Store