What interest rate can I get on a car loan with a 500 credit score?

With a 500 credit score, you're typically looking at interest rates between 12% and 18%, though some lenders go higher depending on other factors. A 500 score is considered poor by most lending standards, so lenders see real risk. The exact rate depends on down payment size, loan term, vehicle age, income stability, and whether you have a cosigner. Some lenders specialize in deep subprime lending and will work with 500 scores, but rates reflect that risk. Beyond the score itself, lenders examine your recent payment history, employment, debt-to-income ratio, and how long ago negative items appeared on your credit. A 500 score from a recent bankruptcy looks different than one from older missed payments that you've since managed. If you can put down 10-20% and show stable income, you might land closer to 12-14%. With zero down and unstable income, expect the higher end or even rejection. The good news is that a 500 score isn't a wall—many lenders have programs for it. The key is finding the right lender for your specific situation, not just any lender. That's where shopping matters. Elite Edge works with multiple lenders who specialize in approvals for credit situations like yours, and they'll shop your profile to find realistic rates rather than you applying everywhere and tanking your score further. Text or call (954) 907-2386 or take the 60-second Pre-Qualify at eliteedgeautobroker.com/PreQualify to see what rates lenders actually offer you.

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