Non-Profit Car Loans for Low Income Families

Low Income Car Loans
Car Loans for Low Income

If you are a low income earner who has been turned down for a conventional auto loan at least once, then you might qualify for a second chance car loan from a non-profit lender such as Ways to Work. This non-profit organization based in Milwaukee offers low income car loans of up to $6,000 that are paid back over 30 months at 8% interest. This is an outstanding auto loan rate considering that most Ways to Work borrowers have credit scores of less than 500, and most car loans for people with very bad credit carry rates upward of 15% interest.

Requirements for Ways to Work Low Income Auto Loans

To qualify for the program, you must meet certain requirements:

  • Applicants must have proof of a previous auto loan rejection
  • Applicants must be employed for a minimum of 6 months
  • Applicants must have one or more children either a) aged 18 or younger, or b) enrolled in school full-time if older than 18
  • Applicants with a single child must have an income of $41,300 or lower. Minimum income levels rise in correlation to number of children.
Low Income Car Loan
Don't Qualify? Apply for a Low Income Car Loan with us!

Although these requirements may sound restrictive, fewer than 10% of Ways to Work borrowers defaulted on their auto loans in 2009 — quite a low number considering the average auto loan credit scores of these consumers. If you need a low income auto loan but do not meet these requirements, please consider applying through our service: Apply Online.

For more information about Ways to Work auto loans, visit