Bad Credit Auto Loans in Michigan
Onyx Credit is an auto loan finance company focused on helping all used car buyers find funding, specializing in low to mid-tier credit profiles. If you’re looking for a bad credit auto loan, we’ve got options for you.
Why Choose Onyx…
“Bad” credit happens to good people and that shouldn’t stop you from getting the car you need. We promise to work hard to find the loan options, terms and payments that fit your needs.
We understand that life can be unpredictable, and sometimes your credit score takes a hit. But just because you have a low credit score doesn’t mean you have to miss out on the convenience and freedom that comes with owning a car.
We believe in second chances. Our team of experts specializes in helping people with low credit scores secure the financing they need to buy the car of their dreams. We work with a wide network of lenders to find you the best possible loan options, regardless of your credit history.
Our easy online application process, you can apply for a loan from the comfort of your own home. Our team will work with you every step of the way to make sure you understand the terms and conditions of your loan, and we’ll do our best to get you approved quickly so you can start shopping for your new car right away.
Financing for Everyone
We believe in second chances. Our team of experts specializes in helping people with low credit scores secure the financing they need to buy the car of their dreams.
Simple Application Process
With our easy online application process, you can apply for a loan from the comfort of your own home. Our team will work with you every step of the way to make sure you understand the terms and conditions of your loan.
Great Selection of Used Cars
We have an extensive inventory of pre-owned vehicles from a variety of manufacturers, each of which has been carefully inspected and maintained to ensure maximum reliability and performance. Whether you’re in the market for a sedan, SUV, truck, or sports car, we’ve got you covered.
Top-Notch Support & Service
We understand that each customer’s situation is unique, and we’ll work with you to find the best loan options for your specific needs. Whether you have a low credit score, no credit history, or a recent bankruptcy, we’ll do our best to help you get the financing you need to buy the car you deserve.
Low Credit Auto Loan FAQs
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What is a bad credit auto loan?
A bad credit auto loan or low credit auto loan is a type of loan specifically designed for individuals with a low credit score. This loan is meant to help people with poor credit history secure financing to purchase a vehicle.
Who can apply for a low credit auto loan?
Anyone with a low credit score can apply for a low credit auto loan. The minimum requirements vary between lenders, but typically applicants must have a credit score below 600
What is the interest rate for a low credit auto loan?
The interest rate for a low credit auto loan is usually higher than that of a traditional car loan due to the increased risk for the lender. However, interest rates can vary greatly depending on the lender and the applicant’s credit history.
Can I refinance my low credit auto loan?
Yes, you can refinance a low credit auto loan if your credit score has improved or if you are looking for a better interest rate. Refinancing can lower your monthly payments and potentially save you money in the long run.
How long does it take to get approved for a low credit auto loan?
The approval time for a low credit auto loan can vary, but typically it takes anywhere from 24 hours to a few days. The process can be faster if you have all the necessary documentation ready when you apply.