Are you in the market for a new vehicle and have little or no credit?

There are more than 45 million Americans with little to no credit history at all. This lack of credit history can make it a challenge to secure financing for a new or used vehicle. But just because you have no credit does not mean you cannot find the vehicle you want and make a purchase!

Read on to learn about 8 auto lenders who will give you a loan with bad credit.

1. Auto Credit Express

Auto Credit Express offers some of the best auto loan rates for applicants.

They specialize in making loans for people with bankruptcies in their past credit history, as well as individuals with no credit or bad credit.

Sometimes finding a loan on a higher mileage vehicle can be a challenge. But Auto Credit Express also processes loans for these vehicles, too.

One important thing to remember about this lender is that you need to be able to provide proof of monthly pre-tax income of at least $1,500.

2. MyAutoLoan

Financing a used car or a new one can be an intimidating process. But working with MyAutoLoan can make finding an auto loan a lot easier - and faster!

This service helps you find eligible lenders and can do it in a matter of minutes. For example, you can find lenders like Bonsai Finance in as little as four minutes! Not only can they help you with the submission and approval process, they also have the tools and customer support in place to make sure you are finding the auto loans that are best for you.

The website also makes it easier for you to find loans by removing a lot of the restrictive questions on the search function.

You can avoid filling out items like the amount of your down payment or the total amount you are putting down as your down payment.

3. car.Loan.com

car.Loan is another website that matches you with automotive dealers in your area.

This service helps you find dealers that will approve your credit loan whether you have a poor score or a bad one. One great feature of this service is that you can obtain pre-approval for your automotive loan. The site was also listed as one of the top auto financial sites by various news blogs and car resources online.

This makes shopping for your next vehicle a lot easier. That's because you have your financing in order before you agree to buy the vehicle.

car.Loan.com also gives you access to exclusive in-house dealer financing that you cannot find outside of its service.

It's also a service that is a fast one. You can receive your pre-approval letter in as little as one day!

4. CarsDirect

CarsDirect is a great resource for individuals with a poor credit score and/or a limited credit history.

That's because CarsDirect works with people with all levels of credit. It's typical for the lender to serve clients with credit scores below 640, as well as those with bankruptcies in their past.

CarsDirect works with dealer partners as a powerful resource for information. That's because you are matched with dealers within 24 hours from the time you complete your application.

Then you can search new and used vehicle inventory to find the car or truck you want and customize your financing plan to meet your needs.

5. Blue Sky Auto Finance

You may be asking, 'How does car financing work?'

Websites like Blue Sky Auto Finance will explain all that and more. They offer a unique service that helps to answer many of your questions about the loan process.

Besides those helpful resources, this service saves you time by allowing you to fill out one credit application for use with multiple lenders.

Blue Sky's main customer base have poor credit scores - which make finding loans through this service fairly likely. While they might not have one of the most popular auto brand logos for their site and business, they are still quite reputable and well known in the auto finance space.

For example, you will want a minimum credit score of 550 to receive many loan offers.

If you are short on cash for a down payment, that's okay too. That's because Blue Sky often does not require any money down to qualify for lender loan offers. 

6. RoadLoans.com

Roadloans.com is a great service for consumers who are looking to buy a new or used car, or refinance an existing loan.

This lender is also a strong source of loan offers if you are in the market for a used vehicle from a private individual. However, there are some limitations to keep in mind for those sorts of loans.

You will need to be buying a used vehicle that is not older than 12 years and with less than 100,000 miles. In addition, these loans require that the vehicle undergo an in-depth inspection to ensure it's in a road-worthy condition.

Check out their auto loan calculator to get a better idea of your options!

7. Carvana

In today's digital age, it should come as no surprise that auto dealerships like Carvana are totally online.

Access the company's website to begin shopping for your next vehicle and to find a loan that meets your needs.

Carvana is a lot like Amazon in that you can order the vehicle you want and have it delivered to your front door!

Carvana helps you find the best auto loan rates by using unique search features like monthly budget instead of looking for only a sales price. This gives you the ability to get a true sense of what you can afford versus what may be out of reach. 

8. Capital One

When you are looking for some options in a bad credit pinch, a big bank may not be the first one that comes to mind.

But among the larger lenders in the industry, Capital One has a good reputation for working with people in a disadvantageous financial position.

Capital One will pair you with a representative that will work together with you to get a better idea of your economic picture and discover the best loan options for you!

Wrapping Up: Auto Lenders For Your Next Automotive Purchase

Finding the best auto lenders for your next vehicle purchase are an important part of the process. It helps to learn about the wide range of your options - from cars and trucks, to financing your purchase.

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