Car dealership near me that work with bad credit

Q: Can I get a car with a 500 credit score?

Its possible to get a car loan with a credit score of 500, but itll cost you. People with credit scores of 500 or lower received an average rate of 13.97% for new-car loans and 20.67% for used-car loans in the second quarter of 2020, according to the Experian State of the Automotive Finance Market report.

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Get approved for auto financing in 3 easy steps
It's time to get in the driver's seat
Jaleise Detroit, MI
Lauren Cleveland Heights, OH
Joe and Wendy Grass Lake, MI
David Flat Rock, MI
Floyd Redford, MI
Leslie Roseville, MI
Mia Athens, OH
Kyle Buffalo, NY
Car buyer resources
Can I get a car with a 500 credit score?
What dealership is best for bad credit?
What kind of car can you get approved for with bad credit?
Can I get a loan with a 500 credit score?

Get approved for auto financing in 3 easy steps

Over the past 30 years, car dealers enrolled in the Credit Acceptance program have approved nearly 3 million bad credit and first time car buyers for auto financing. Here's how you can get started!

Fill out this quick form to start your credit approval.
Get connected with three local car dealerships enrolled in our program.
Visit one to get approved for your next car!

Fill out this quick form to start your credit approval.
Get connected with three local car dealerships enrolled in our program.
Visit one to get approved for your next car!

It's time to get in the driver's seat

Whether you've had bad credit from a few bumps in the road on your financial journey or are a first-time car buyer with no credit, neither should stop you from getting approval to purchase a vehicle.

The Credit Acceptance program gives enrolled car dealers the ability to say 'YES' to every customer, regardless of your credit history. And, since we report to the three major credit bureaus, you may be able to improve your credit with on-time car payments!

Jaleise Detroit, MI
When I got my first car, unfortunately I got into an accident with that car which caused me to file bankruptcy. Being able to get past all of this with bankruptcy, I'm thankful. And I'm more so thankful because Credit Acceptance allowed me to do that.
Lauren Cleveland Heights, OH
Early in life when I was 18 I got offered a lot of credit cards, and I didn't really understand the importance of credit and the role it would play in my life today and ultimately destroyed my credit. The work that Credit Acceptance does is truly making a big impact on people's lives. It definitely made a big impact on mine.
Joe and Wendy Grass Lake, MI
We needed a new car for our family, but didn’t believe anyone would give us credit. It meant a lot when Credit Acceptance gave us an approval for a reliable vehicle. Credit Acceptance treated us respectfully and with understanding to help us improve our financial (and emotional) situation.
David Flat Rock, MI
When we got approved it had a positive impact for me. It was nice to know Credit Acceptance was willing to take a chance on us, and I really appreciate it.
Floyd Redford, MI
Nobody really understands the struggle until you have to personally go through it. If it wasn't for Credit Acceptance, I can't say that I would be where I am today.
Leslie Roseville, MI
I was happy to be financed. After a period of time and by making on-time payments, my credit score, it went up, and now it's at almost 700. I realize I'm blessed, and I am thankful for Credit Acceptance.
Mia Athens, OH
Student loans can come back to bite you a little bit…Buying a car was nearly impossible…
Kyle Buffalo, NY
After graduating high school, I knew I needed some type of transportation to get to and from college. I had no idea what a credit report was, or what my credit score was. I don't think I'd have what I have if it wasn't for Credit Acceptance offering me that hand. Thank you, Credit Acceptance, for giving people with no beginning a start.

Car buyer resources

Valuable tools and resources designed to help car buyers with bad credit or no credit purchase a vehicle and learn more about building a positive credit history.

Credit Q&A >
Available payment options
Auto Loan Calculator >
Estimate monthly payment or auto price
Videos >
Frequently asked customer questions
Blog >
Information on credit scores for consumers

Videos >
Frequently asked customer questions
Blog >
Information on credit scores for consumers

Can I get a car with a 500 credit score?

It's possible to get a car loan with a credit score of 500, but it'll cost you. People with credit scores of 500 or lower received an average rate of 13.97% for new-car loans and 20.67% for used-car loans in the second quarter of 2020, according to the Experian State of the Automotive Finance Market report.

What dealership is best for bad credit?

If your credit rating is holding you back from getting a vehicle, consider one of the best bad credit car dealership loans available..

Auto Credit Express. 4.9 /5.0 Stars. ... .

Car.Loan.com Auto Loan. 4.5 /5.0 Stars. ... .

myAutoloan.com. 4.0 /5.0 Stars. ... .

DriveTime. ... .

Carvana. ... .

CarMax..

What kind of car can you get approved for with bad credit?

Vehicle Options with Bad Credit.

New cars – You can finance a new vehicle in some bad credit situations, but you have to be prepared when you do. ... .

Used cars – Used vehicles are often a good bet for bad credit car buyers. ... .

Certified pre-owned vehicles – CPO cars are a good middle point between new and used vehicles..

Can I get a loan with a 500 credit score?

You may qualify with a poor credit score as low as 500, but you must also satisfy several other requirements to get an FHA loan guarantee. These loans require a 10% down payment (or 3.5% if your credit score is above 580), mortgage insurance, and a monthly payment for the life of the loan.