Having a credit score that is only 480-550 can create serious obstacles when it comes to getting a car. To get a car with a score as low as 500, you will have to most likely think outside of the box and explore resources to get approved that you may have previously not been aware of. You can easily get approved, however you will not get approved for $40,000 vehicle.

You’ll have to set your sights to something reasonable and work on rebuilding your credit.