How to Get Bad Credit Car Loans in Minnesota

Everyone needs reliable transportation and finding a vehicle can be a challenge if you have bad credit, no credit or are trying to improve your credit. We are ready to help you get a pre-approval for a car loan in Minnesota. We make it easy to apply for financing no matter which of these types of credit you have.

Interest Rates You Can Expect for Auto Loans in Minnesota

When you have bad credit and need an auto loan, you might be worried about the interest rates for the loan. Our interest rates vary based on type of vehicle, loan amount, loan term, and history. We are committed to helping you find an affordable car that suits your needs and your budget.

How to Get Started Applying for a Car Loan

At New Roads Auto Loans, we make it as easy as possible to get bad credit auto loans in MN. To get started applying for a loan through us, you will need to have a few documents ready. You will need pay stubs or proof of income, a telephone bill, a copy of your lease or mortgage statement for residency and at least three references of people who know you well. You complete our online credit application, and after you are pre-approved, we will call you in order to set up a meeting with one of our loan professionals. Our finance professional will discuss other fees, including tax and title fees, and your monthly budget.

Types of Financing Options for Auto Loans in Minnesota

We offer different financing options to meet your needs for a car loan. Conventional financing is available if you have good credit or perfect credit. If you have no credit, bad credit or fair credit, our options for you include bad credit car loans directly through us. We even help customers that have recently filed bankruptcy.

Credit Score Range for Bad Credit Car Loans

If you have no credit, then the credit bureaus will report to lenders that you have no credit history. Our finance department will find an auto loan that will work for you. We work with people who have credit scores ranging from 400 to 850. A score of 850 is perfect credit. Our finance department reports your on-time payments to the bureaus. As a result of your timely payments, the scores on your credit reports will gradually go up, making it even easier for you to get your next auto loan through us.