Best Auto Loans for Fair Credit for May 2025

Why You Can Trust Us

Investopedia was founded in 1999 and has been helping readers find the best car loans for fair credit since 2020. Investopedia’s research and editorial teams conducted independent, unbiased research into the auto loan industry, collecting over 1,000 data points on 16 auto loan direct lenders and over 500 data points on auto loan aggregators. That research included information on interest rates, loan terms, borrower and vehicle requirements (including credit requirements), and customer satisfaction. Each lender and aggregator was objectively scored and ranked to determine the best picks above, with the primary criterion being a low recommended credit score.

How We Find the Best Auto Loans for Fair Credit

Investopedia’s full-time research and editorial teams conducted independent, comprehensive research into auto loan direct lenders from November 2024 into February 2025. We included 16 popular auto loan lenders, and evaluated each one on 62 criteria. A separate round of research into nine auto loan aggregators was conducted in April 2025. Information was collected from company websites, customer support, and media representatives. Each company was scored and ranked objectively. Information not used for scoring was collected for background.

Companies were required to have a low minimum credit score to appear on this page. Evaluation criteria for lenders were broken down into the following categories and given the accompanying weights:

• Cost of Loans: 34.0%
• Loan Terms: 28.0%
• Borrowing Requirements: 22.0%
• Customer Satisfaction: 10.0%
• Additional Features: 6.0%

Evaluation criteria for aggregators were broken down into the following categories and given the accompanying weights:

• Loan Terms: 29.0%
• Borrowing Requirements: 24.0%
• Cost of Loans: 22.0%
• Customer Satisfaction: 19.0%
• Additional Features: 6.0%

Investopedia’s full-time compliance team maintains the accuracy of information on this page to ensure our recommendations remain the best choices for their respective categories.