Subprime Auto Financing: Debunking Common Myths
Debunking the biggest myths about subprime car financing. Learn the truth about auto loans with less-than-perfect credit so you can shop smarter and drive sooner.
Expert guides and tools to help you improve credit for a car loan, understand auto financing options, and secure the best rates regardless of your credit history.
Debunking the biggest myths about subprime car financing. Learn the truth about auto loans with less-than-perfect credit so you can shop smarter and drive sooner.
Learn everything you need to know about car financing options, interest rates, and how to get the best deal on your next vehicle purchase.
Boost your credit score before applying for auto financing to unlock better interest rates and loan terms. Our step-by-step guide provides actionable strategies.
Your track record of paying bills on time
How much of your available credit you're using
How long you've had credit accounts
The variety of credit accounts you have
Recently opened accounts and credit inquiries
See how your credit score affects dealer financing options and what rates you might qualify for.
Use our interactive calculator to estimate your monthly payments and see how different factors like loan amount, interest rate, and term length affect your auto loan.
Estimated Monthly Payment
$467
Total Payments: $28,020
Total Interest: $3,020
Set up automatic payments to ensure you never miss a due date. Payment history is the most significant factor affecting your credit score.
Keep your credit card balances below 30% of your credit limits. High utilization can signal financial distress to lenders.
Review your credit reports regularly and dispute any inaccuracies. Incorrect negative items can significantly impact your score.
Yes! We specialize in helping customers with all credit situations. Our network of lenders offers various programs designed for different credit profiles.
Down payment requirements vary based on your credit situation and the vehicle you choose. We work with you to find a down payment that fits your budget.
Yes! Making regular, on-time car payments can help improve your credit score over time. We report to all major credit bureaus.
"CarCapital helped me secure financing despite my challenged credit. Their resources helped me understand how to improve my score for future purchases."
— Michael T., CarCapital Customer
Apply now to see what car financing options are available to you, regardless of your credit situation.