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Financing · Bad Credit · TrucksQuick answer Carter Chevrolet in Okarche finances trucks for buyers with scores in the 500s every week: one application across more than 50 lenders (over half subprime), 10–20% down, proof of income, and a truck priced where the lender’s loan-to-value cap allows, usually a used half-ton or Colorado under about $35,000. A $30,000 used truck at a used-subprime rate runs about $650 a month with $0 down. The grid below is the live truck inventory. No doc fee, free Oklahoma delivery.
Trucks are the easiest vehicle to get approved on with bad credit and the easiest to get turned down on, for the same reason: price. Subprime lenders cap the loan at a percentage of the truck’s book value and a share of your income, so a $28,000 used Silverado with 10% down gets approved where a $62,000 new one does not. The grid below is every truck in stock; the ones that fit a subprime approval are usually the used half-tons and Colorados under about $35,000 and the new Colorados and Silverado Customs when GM rate support applies.
Across the more than 25 subprime lenders on our one application, truck approvals in the 500s usually look like this:
This is the honest version of the payment table: the same used truck at a used-subprime rate, a new-subprime rate, and our top-tier baseline, all with $0 down before tax and tags.
| Truck price | Used, ~19% / 72 mo | New, ~13% / 72 mo | Top-tier, 5.99% / 84 mo |
|---|---|---|---|
| $20,000 | $434 | $359 | $292 |
| $25,000 | $542 | $448 | $365 |
| $30,000 | $650 | $538 | $438 |
| $35,000 | $759 | $628 | $511 |
| $40,000 | $867 | $718 | $584 |
| $45,000 | $976 | $807 | $657 |
| $50,000 | $1,084 | $897 | $730 |
Subprime columns use Experian’s published tier averages for new and used, which move every quarter; the lender that approves you sets your rate. With a 10% down payment, take about 10% off each payment. Full payment breakdown for a 550 score.
Live from our inventory, new and used, specials first then lowest price. For a subprime approval start with the lower-priced used half-tons and Colorados; text 405-546-1147 with two or three stock numbers and your down payment and we run them together.
*Payment examples assume 5.99% APR for 84 months with $0 down on approved credit: 84 monthly payments of $14.60 per $1,000 financed. Excludes tax, title and license. Your rate is set by the lender and depends on credit history; GM rate support, where offered, can lower it on new vehicles. The vehicle grid and search links on this page show live inventory and today’s prices, which change when GM incentives change. Carter does not charge a doc fee or an addendum.
Used, most of the time, because the price is lower and the loan-to-value math works. The exception is when GM is running rate or down-payment support on a trim you can live with: a new Colorado WT or a Silverado 1500 Custom with GM support can come in near a used-truck payment with a full warranty and a new-vehicle rate, which is several points lower than a used-vehicle rate at the same score. We run both on the same application so you see the two payments side by side. Current programs are on the Silverado 1500 specials and Colorado specials pages.
A repossession older than a year with steady income since is financeable through a handful of our lenders, usually with 20% down on a lower-priced truck. A discharged Chapter 7 is routine; an open Chapter 13 needs trustee approval and a very small lender list. Negative equity on your current truck gets rolled in up to the lender’s cap or paid down, and we quote it both ways. Car loans after a repossession · Upside-down trade-ins.
Text the stock numbers to 405-546-1147. Having a backup in a lower price band is what turns a “no” on one truck into a “yes” on another the same afternoon.
Pay stubs or bank statements, a utility bill, your license. The approval stalls on paperwork more often than on credit. Apply here, or pre-qualify first with a soft pull.
One application, the lenders that work the 500s, the same day. Scoring models treat auto inquiries inside a short window as one.
Free delivery anywhere in Oklahoma. Most bad-credit truck buyers never make the drive to Okarche.
Every payment on this page is the same math: the vehicle’s internet price financed for 84 months at 5.99% APR with nothing down, which works out to $14.60 a month for every $1,000 financed. Tax, title and license go on top; every $1,000 you put down or bring in trade equity takes about $14.60 off the payment.
| Vehicle price | $0 down | $2,000 down | $5,000 down |
|---|---|---|---|
| $15,000 | $219 | $190 | $146 |
| $18,000 | $263 | $234 | $190 |
| $20,000 | $292 | $263 | $219 |
| $25,000 | $365 | $336 | $292 |
| $30,000 | $438 | $409 | $365 |
| $35,000 | $511 | $482 | $438 |
| $40,000 | $584 | $555 | $511 |
| $45,000 | $657 | $628 | $584 |
| $50,000 | $730 | $701 | $657 |
| $55,000 | $803 | $774 | $730 |
| $60,000 | $876 | $847 | $803 |
| $70,000 | $1,022 | $993 | $949 |
| $80,000 | $1,168 | $1,139 | $1,095 |
*Payment examples assume 5.99% APR for 84 months with $0 down on approved credit: 84 monthly payments of $14.60 per $1,000 financed. Excludes tax, title and license. Your rate is set by the lender and depends on credit history; GM rate support, where offered, can lower it on new vehicles. The vehicle grid and search links on this page show live inventory and today’s prices, which change when GM incentives change. Carter does not charge a doc fee or an addendum.
5.99% is a realistic baseline for a buyer with good credit, not a promise. Your rate comes from the lender, and we send one application to the right lenders among the more than 50 we work with; here is what different credit scores usually get. On new Chevys, GM’s rate support can bring it under this baseline; current programs are on the Chevrolet specials page. For a different term or down payment, use the payment calculator, or text us the stock number and we will send the payment at the rate you actually qualify for.
No doc fee, no addendum, no “market adjustment,” and the same price whether you finance with us, your credit union, or pay cash. Tax, title and license are the only things added.
Good credit, thin credit or bad credit, one application goes to the lenders most likely to approve it, and we tell you the answer and any conditions before you drive out. You can pre-qualify with no credit hit first.
Send photos and the mileage and we will give you a real number; here is how we handle negative equity.
Paperwork by e-signature, the vehicle delivered to your driveway and the trade picked up at the same visit. Most of our Oklahoma City customers never make the drive to Okarche.
Yes. Carter Chevrolet runs one application across more than 50 lenders, more than half of them subprime specialists, and finances trucks for buyers in the 500s every week. Plan on 10–20% down, proof of income, and a truck priced where the lender's loan-to-value cap allows, usually a used half-ton or Colorado under about $35,000.
There is no minimum. Score sets the rate and the down payment, not the yes or no. Under 580, expect 10–20% down and a lower-priced truck; around 620 and up, $0-down approvals on new trucks with GM programs become routine.
A $30,000 used truck at a used-subprime rate near 19% for 72 months is about $650 a month with $0 down, before tax and tags; about $585 with $3,000 down. The same truck at our 5.99% top-tier baseline is about $438. The table on this page covers $20,000 to $50,000.
Sometimes. A Silverado 1500 Custom or Colorado WT with GM rate or down-payment support can fit a subprime approval when the income supports the payment and there is money down. A $60,000-plus truck usually does not at a score in the 500s; the lender's loan cap and payment-to-income limit decide it.
Yes. Subprime lenders want proof of income, and for 1099 that means three months of bank statements and last year's tax return rather than pay stubs. Oilfield, ag, trucking and trade income all qualify.
Pre-qualifying on our site is a soft pull and does not affect your score. The full application is one hard inquiry; multiple auto-loan inquiries inside a short window count as one in the scoring models.
No. Carter does not charge a doc fee or an addendum. Price plus Oklahoma tax, title and tag is the whole number, and the lender's rate is disclosed before anything is signed.
Bad credit car dealership near Oklahoma City · Trucks by monthly payment · Used trucks under $35,000 · Down payment with bad credit · Payment with a 550 score · Credit score and car loans · Self-employed and 1099 · After a repossession
All financing subject to credit approval. Inventory shown is live and sells daily; a vehicle in the grid is in stock or arriving at Carter Chevrolet in Okarche at the time you load the page.
Text 405-546-1147 with two or three stock numbers from the grid, your down payment and your income type. One application, more than 50 lenders, a same-day answer, and free delivery anywhere in Oklahoma.