Can I Finance a Car With No Credit?

Financing a car with no credit, or even financing a car with bad credit, can be hard, but it’s not impossible. For Gardendale drivers with no credit or bad credit trying to finance a car, the finance team at Edwards Chevrolet Co., Inc. in Birmingham can help! Learn more about your car financing options, including bad credit car finance plans, then contact our finance team!

No-Credit or Bad Credit Car Financing: What You Need to Know

There are some differences between financing a car with bad credit and financing with no credit. For Hoover drivers, depending on your situation, your experiences will be different if you choose to go through a bank or labor union instead of a dealership. A few things for all Bessemer drivers with no credit or bad credit trying to finance a car should know:

• Expect an Uphill Battle: Drivers with no credit will have a larger down payment and a higher interest rate. For those with bad credit looking to finance a car, these higher payments are worth owning a car.
• Come to the Dealership with Confidence: Knowing your financial situation as opposed to being in the dark will increase your odds of being approved
• Know Your Credit Score: Know your score and spread out credit applications over a 14-day period. Multiple applications over an extended period can be seen as a credit risk.
• Be Ready to Negotiate: Know that it benefits the dealership to sell you a car as opposed to holding out. Negotiate for a better offer.
• Consider a Lease: Leasing is less of a risk for the dealership, giving you better odds to be approved if you have no credit or bad credit trying to finance a car

Contact the Finance Team at Edwards Chevrolet Co., Inc.!

Even when pursuing bad credit car finance plans, it’s possible to find the car of your dreams! If you’re in need of a car near Birmingham, contact us at Edwards Chevrolet Co., Inc.. For more information on financing a car with bad credit or no credit, our financing department is ready to help! Our expert finance team can assist you with any financial related question, such as auto loan qualifications, applying for financing, how to finance a car, or what is a good interest rate for a car loan?