Can You Finance a Car With No Credit?

2024 Buick Envista in a driveway

You’re a young college graduate living in Southgate and you have no credit history as of yet. Or perhaps you’ve had a job for a while and have saved enough to put a down payment for your first car. It’s time to move your life forward with a new or used vehicle purchase for reliable transportation. But you’re wondering if financing a car with no credit can even happen for your life right now. 

Fortunately, financing a car with no credit history is a real possibility! Find out everything you need to know with our guide from Moran Buick GMC in Taylor.

Can You Finance a Car with No Credit History at All?

Yes, financing a car with no credit yet is possible! You might need to negotiate a few things and sweeten the deal to see if a lender or two will notice you. Luckily, our finance team features guaranteed auto financing in MI because we look at your job, which guarantees you financing at our dealership. You won’t have to worry about financing a car with bad credit or no credit because we will make it happen near Brownstown!

Negotiating for the Best Terms With No or Bad Credit

Now you know you can get bad credit car financing. Let’s take a look at how you can obtain the best terms when financing a car with bad credit or no credit. 

Here are some tips to keep in mind: 

  • Make a larger down payment if you can. It will lower interest and reduce the size of monthly payments. 
  • Find a car that is both affordable and reliable. If you’re going to invest your hard-earned money in a used or new vehicle, financing a car with bad credit or no credit needs to be a good way to spend your money.
  • Consider finding a co-signer with good credit who is willing to help you. Keep in mind, that a cosigner’s credit will be affected by your purchase of a vehicle. If you can’t make payments, the cosigner’s credit score may go down. The credit score could also go up if the vehicle is paid in full and on time.
  • Show that your financial history is stable. Think about getting an auto loan through your bank or credit union, because that financial institution knows your spending habits and ability to make rent or utility payments on time. Showing you have a good job history is also an indication that you’re serious about purchasing a car.

Finance a Car With Bad Credit or No Credit Near Dearborn

Talk to us at Moran Buick GMC, and we’ll discuss loan terms for you with a bad credit car finance plan that could work for you if you have no credit. Contact us or call (734) 939-0288 for more information. We’re happy to help in any way we can!


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Moran Buick GMC 42.2046, -83.2687.