Uncover Ways You Can Buy New Cars Without Credit

Did you know that you can sometimes find new car deals even without credit? Requesting a FREE online auto finance quote is the smart way to find the best deals in town!

Safe, hassle-free, and there is no obligation to buy. Requesting a FREE auto finance quote is the smart way to find the best deals in town-even for bad credit and no credit shoppers!

Is Having Bad Credit the Same Thing as No Credit

No. Bad credit is different from having no credit. Bad credit means having a low credit score, while no credit means that you haven’t had a chance to establish a verifiable credit history.

Leasing or financing a new vehicle is one of the best ways to jump start your credit history. Unfortunately, this is easier said than done. Without a history of credit, it is hard to make an assessment of your credit potential.

But there is hope. Have you heard of the FICO Expansion score? The FICO Expansion score is perfect for people with no credit because it looks at essential credit information that is not usually reflected in your credit history, such as rental payments, utility payments, and using a checking account.

Having no credit is not the end of the world. And you are not alone Everyone at some point in their lives started with zero credit history. Best of all, you still have a lot of options when it comes to leasing or purchasing a new car.

There are a lot of car dealerships that offer financing or leasing programs for first-time car buyers. Dealerships work hard to sell cars, and they won’t waste the chance to sell you a new car just because you have no credit.

Dealerships are usually affiliated with several financing companies, some of which are offering fantastic deals for buyers and leasers with no credit.

How to Improve Your Chance of Leasing New Cars Without Credit History

First-time car buyers or those with no credit history should consider the following tips when planning to buy or lease a new car:

  1. Save money for a down payment. Regardless of if you have bad credit or no credit, you will need to make a down payment on your new car—presumably more than what was advertised. Since lenders and financing companies are taking a huge risk, making a down payment will somehow minimize this risk, while still making a solid impression on your capability to pay debt.
  2. Consider getting a co-signer. Lenders like the idea of having a co-signer, especially for bad credit and no credit buyers. Keep in mind that your co-singer should have a verifiable credit history (and with a good FICO score overall). Remember that your co-singer is not a part of the leasing contract, and will ONLY be contacted by the lender if you fail to make your monthly payments.
  3. Gather all your personal documents in place. You should also bring your monthly utility bills, rent receipts, paycheck stubs, and your proof of employment or employment contract.
  4. Do your research ahead of time. Lease and auto finance rates will vary by region, and some may offer higher rates for buyers with no credit.
  5. You should still negotiate the price of the car. You still have the right to pay the fair selling price for the car that you want even if you have no credit history. Search for the dealer invoice of the vehicle and start negotiating up from there.

Requesting a FREE online lease quote is the easiest way to find new cars without credit! Stop dreaming and start leasing today!