PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I get a car loan with bad credit?
My credit score is considered bad. I'm trying to work on it and didn't want to take out any loans until I improved it, but our car just died. I need a vehicle to make it to work, pick up my kids, and drive my grandma to appointments. What’s the best way to get a car loan with bad credit?
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear that your car died. Understandably, you’ll need a replacement to get around. Don’t worry about your bad credit—you can still get a car loan.
You have a few options:
- Ask a friend or family member with good credit tocosign on the loan
- Make a significant down payment on the vehicle
- Find a lender with a financing department that works with people who have bad credit
Before signing, make sure you read over the loan agreement carefully. Often, lenders that work with people with bad credit will offer you high interest rates and longer loan terms that may raise the risk of going
upside-down on the loan
, meaning you owe more than the car is worth.As time passes and after several on-time loan payments, you will build up your credit. Eventually, you can remove your cosigner from the loan agreement (if applicable) and refinance into a lower-interest-rate loan.
Refinance quickly and easily by downloading the
Jerry
app. Jerry compares offers from multiple lenders to make sure you never overpay for your loan. On average, car owners pay $85 less every month by refinancing.MORE: How to refinance a car
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance for Your Car
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
