We Specialize in Bad
Credit Car Loans

Easy 2 Minute Online Application Process

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10 Year Limited Powertrain Warranty. Easy Financing. Apply Now.

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About the KEY

Are you looking for a car in Oklahoma but you have less-than-perfect credit? Come to The KEY in Oklahoma City, Tulsa or Lawton! We’re the region’s number one buy here pay here car dealership, and we can help you get in a quality used car today.

When you visit The KEY, you’ll see just how fun and simple buying a used car can be. Our buy here pay here dealership isn’t like any other car dealer you’ve ever been to, What makes our buy here pay here car dealership so different?

Here a just a few
of the things

No Pushy Salespeople

At The KEY, you won’t have a slick-talking salesman trying to shove you into a lemon. Our buy here pay here salespeople are trained to be easygoing and helpful. We want your experience to be relaxed and your car to be the one you love.

No Stressful Negotiating

Our buy here pay here car lot works on a simple premise. You get approved first, and then you pick the car that fits your budget. That way you know what you’re able to get from the start. This simple change makes the whole buy here pay here experience less stressful and more fun.

Happy Smiling Customers

The best mark of any car dealer is how happy people are when they leave. At our buy here pay here dealership, we do our best to make sure you drive away smiling each time you visit.

No Long Waits

At a traditional dealership, the process of buying and financing a car takes hours. In contrast, buying a car at our buy here pay here lot is simple. Just take our two-minute pre-approval quiz online or at the store. Then finish your application in person, pick out your car, and drive away!

Here's How!

1 – Apply Online

Don’t Leave the Safety of Your Home. Save time by applying online while you’re on the go or the comfort of your own home. The approval process is easy and secure.

2 – Get Qualified

Other car dealerships always say they understand that bad things happen to good people – but then they don’t help. We do! PLUS, our Application and Financing Process is fast and easy!

3 – Select Your Car

Choose from our huge inventory – over 150 cars, trucks & SUVs. Our cars even come with a 10-year limited Powertrain warranty.

Inventory

See our current inventory now

See our current inventory now

What They Say
About The KEY

"I admit I was a little bit skeptical on purchasing a vehicle from an online service, but after a little investigating and a friend also asking questions, I was sold. Jennifer C. was an awesome salesperson and a jewel to work with. She jumped hoops and hurdles to get my vehicle delivered to Texas and when I needed it. Thank you Jennifer, and I would definitely refer all my friends and family to The Key, all staff and finance personnel were wonderful."

Cecil O.

Why Do Lenders
Deny Auto Loans?

Getting turned down for a used car loan can be a disheartening experience, “Why don’t they trust me?” you might ask yourself. “I thought I had an okay credit score!”

Unfortunately, credit scores aren’t the only factor lenders look at when they consider you for a loan. There are a number of reasons you might get turned down for a loan from a traditional dealership, bank, or other lender. However, there are some things you can do to get your finances back in a lender’s good graces – it will just take some effort and time.

Common Loan Denial Reasons

Most lenders have stringent requirements for their borrowers to get approval for a loan. These requirements often include:

An Acceptable Credit Score: There is no “magic score” for a loan applicant to meet when applying for a loan. Different lenders have different cutoff points for loans, and lenders may be willing to compromise on a credit score based on other factors. However, if you have a low credit score (generally below 600) you’ll have a harder time getting a loan from most lenders and will pay high interest when you do.

Proof of Income: If you’re unemployed or between jobs, you’ll have a far harder time getting approved for a loan than someone who has a job, even if you have plenty of money in the bank. It can also be harder for self-employed or freelance workers who don’t get regular paychecks to get loans. Make sure you have proof of your income (such as pay stubs or tax returns) ready when trying to get a loan.

Enough Job Time: Many lenders require you to not only be employed, but to be at the same job for over six months before they’ll consider you for a loan. For workers just starting out at a new job, this can make getting approved for a car loan tricky.

Enough Time In Your Residence: Similarly to job time, lenders want you to be in a stable housing situation so they know where to reach you. Been in your residence for less than six months? It’ll be tougher for you to get approved.

An Low Debt-to-Income Ratio: Even if you meet all the other requirements above, you can still get denied for a loan if you have too much outstanding debt. Lenders will look at how much you owe on your credit cards, student loans, mortgage, and any other loans you have out to determine your ability to repay.

A Good Downpayment: Many car dealers and lenders don’t like letting cars off the lot without a substantial down payment, since it places more risk on the loan. Saving up for a bigger down payment can make it easier for you to get approved for a loan.

A Clean Credit Report: Buyers in the process of cleaning up their credit will find it harder to get loans, since many credit problems show up on credit reports for years after the fact. Missed payments, defaulted loans, collection actions, and other financial problems are present on your credit report for a long time, and lenders are very careful about giving loans to these borrowers. Make sure to check your credit report regularly and try to get items removed if possible. Also, keep an eye out for identity theft or other credit-related problems.

Why The KEY is Different

We know that getting denied for an auto loan hurts. What’s worse, you probably need the car you were trying to get the loan for. Whether it’s for work, school, your family, or just to make life easier, a car is a vital part of living in the world today. That’s why we offer special financing programs at The KEY for buyers with less-than-perfect credit. We want to help you find a great used car at a great price, even if regular lenders have already turned you down.

When you apply for financing for a used car at The KEY, we don’t look at many of the things a traditional lender considers. For instance, we don’t worry much about your credit report or credit score, we don’t require you to provide a large down payment, and we work with buyers with short job time or time in their current residence. This makes it much easier for our customers to get quality cars fast.

For almost every buyer, it’s always good to work on repairing your credit and paying down debts. However, many of us can’t afford to wait around for months while these changes take effect. If you’re looking to get into a great used car fast, come to The KEY today. We’ll have you pre-approved in just two minutes without hassle.

Contact us today to learn more, or follow us on Facebook for more advice and tips on buying used cars in Oklahoma City.

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