We want everyone to drive at Gil's Auto Sales. When it comes time to finance your next vehicle purchase, Gil's Auto Sales will give you options. With our $299 down payment plan we will get you into a car even if you have bad credit or no credit. We have 6 locations that can assist you in Phenix City, AL, Opelika, AL, and Columbus, GA. We will not turn you away because of your financial past. We want you to get into the car that you deserve at a price that you can afford.
You can get approval in no time at all. Fill out our online credit application and let us get you into your next car.
Let's face it, not everyone has the best credit score or a ton of money to put down on a car these days. However, that doesn't change the reality that situations arise where you need to buy a car with bad credit, including:
- Your existing automobile has broken down or is about to die
- Your current vehicle lease is ending
- You've never had a car before, but need one now
- You've lost your car in a divorce or bankruptcy proceeding
- You've moved to an area that doesn't have a public transportation system
Whatever the case may be, the fact is you need an auto loan for people with bad credit for little or no money down and there is no way around it. Well, Auto Credit Express can help. We specialize in bringing together auto dealers and consumers with low credit scores to help individuals buy a car.
Car Loans for People with a 500 Credit Score
If you have a 500 credit score or any score less than 640, you are not alone. If you're not sure what your score is, it will be in your best interest to find out because your credit score has an impact on the terms of any loan that you're approved for. While many people are doing better financially these days, they are still living through the after effects of the downturn that the economy took in the mid 2000's. While they're perhaps no longer unemployed, have moved beyond a home foreclosure and are now paying all of their bills on time, their credit score remains a sad reminder of the rough financial times they went through.
So, when it comes time to get a car loan, even if a person is now in a financially stable position , they still have to look for car financing for poor credit. In fact, more than 1.7 million consumers have applied for auto financing through Auto Credit Express in just the last two years. If this describes your situation, you'll be happy to know that we can help you get approved for a loan to buy a car just as we have countless others in the last 15 years.
Buying Cars for $500 Down When you Have Bad Credit
While it's possible to get a new car with a $500 down payment, many opt to purchase pre-owned vehicles because of the many benefits including:
- A lower interest rate
- A lower amount financed
- A lower monthly payment
Financing these types of automobiles is especially attractive to car buyers with a low income who are on a budget.
Many people think that if they have damaged credit and can only make a low down payment, they are going to be stuck with a cheap used car that is on its last legs from a shady bad credit car lot. Well, it doesn't matter if you have $500 down or no money down, there are plenty of good pre-owned vehicles available to people with less than stellar scores.
Many of the car dealerships we work with in the U.S. and Canada offer a great selection of late model, low mileage, used sedans, trucks and SUVs to pick from. And because their reputation is on the line, they make sure that all the automobiles they put out on the lot are fully serviced and are safe and reliable.
Get Approved for a Low Money Down Car Loan for Poor Credit
As you can see, having a below 500 credit score and only $500 down doesn't have to make the auto financing process difficult. In fact, we've made the process as fast and easy as possible. Best of all, it's free.
Yes! Getting approved is as easy as having a recent pay stub, and as little as $500 down! When buying with our network of dealers, you can get instantly approved with bad credit, no credit, second car loan, divorce, or past repossessions. Because our exclusive network of dealerships offer in house financing, you’ll get an instant approval & drive off the lot the same day! If you make over $1600 a month and it’s verifiable, you're already approved!
You just need the following to qualify:
✅ Recent proof of income showing that you make more than $1600 a month.
Your Income must be verifiable. Unfortunately, Uber/ Lyft/ Shipt/ Instacart or any delivery or ride share income does not currently qualify.