Financing Your First Automobile With No Credit Score

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If you are buying a car for the very first time then you are in for quite the experience. It is going to be an amazing one because it is most likely your first large purchase and is a big milestone in life. On the other hand, it will probably not be your most enjoyable car shopping experience because most likely you do not have a credit score. Trying to buy a car with no credit whether it is new or pre owned it can be an extremely rough situation.

Finding the Right Dealer

One of the best things that you can do to try and make the situation better is find dealerships that work with people who have bad credit and approve those types of loans. It can be hard, and most likely getting a loan for a new car is going to be out of the question. While you may be stuck getting a used car it will still be much easier than trying to purchase a new vehicle and you can still get a high quality vehicle.

We can greatly help out with this situation because we have years of experience in helping those with less than perfect credit get into an automobile. It is very common to know that those who have high risk credit will not be easily financed by local dealerships, but we are affiliated with dealerships across the entire country so no matter where you are a helping hand is available. Best of all you can apply right from the comfort of home and in just hours up to a day or two you will be contacted to know if you have been pre approved locally.

Boost your Score

If you do get pre approved the next step is to head down to the dealership and see about moving to the next step of an actual approval and purchasing a vehicle. Now the best part about buying a car this way is that you will be able to raise your credit score throughout the process. That way the next time you have to purchase a car you can potentially buy that new car that you were hoping for.

Finance your First Automobile with No CreditThere is another solution for no credit car buyers and that is to purchase through buy here pay here dealerships. It is definitely not going to be the best option, but it is one that is available. It will guarantee that you walk out of there with a car, but it will also guarantee that you do not build any type of credit score either. So weigh your options and best of luck to you in your first car shopping experience.

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Do you meet the basic qualifications?

  • At least 1 year with current employer
  • A minimum income of $1,500 per month
  • No repossesions within the last year
  • Any bankruptcies must be discharged
  • Money down may be required, but not in all cases
  • Must be a current resident of the U.S. or Canada