Can You Finance a Car with No Credit?

Can You Finance a Car with No Credit?

What can you do if you really need a car for commuting or attending school around Milford, Manchester, and Middletown, Connecticut and have no credit record? At, we work for the people, so we can help you get into a car that accompanies you all over Coastal Connecticut. Let’s learn how you, too, can drive a car off our lot, credit or no credit.

Loaning at Dealership

How to Get a Loan Without Credit

When you don’t have a credit history, it can be more challenging to secure a loan of any kind. Maybe you never used credit before or just started to build your credit, whether you’re a younger driver or never saw the need before. Even without credit, you can buy a car. 

If you do work on a steady basis, you can show proof of a regular income when discussing financing with our finance team. This type of evidence lets the lender know that you can handle monthly car payments and pay them on time.


Five Ways to Get Financing Without Credit

If you’re set on getting a car without credit, means to do so exist.

  1. Credit Union

Join a credit union. They can back you, so that you can purchase a vehicle.

  1. Co-signer

Find a friend or family member with a secure credit history who will co-sign your loan. Most likely, you will get pre-approved in this case. Just remember that if you default on the loan, your co-signer could be expected to pay.

  1. Income

If you don’t have a regular job, it’s time to find one that will help you pay for your car. With a regular salary, that’s proof alone that you can handle the payments each month.

  1. Down Payment

Start saving up for a down payment. A solid down payment will put a dent in the loan, so you can borrow less from the lender. This lowers the loan total and means that you can pay it off in a shorter amount of time. By the way, this will build up your credit!

  1. Shop Around

You can shop around for different loans, but our finance team can reach out to our collection of lenders for payment plans that match your needs and eligibility.

Building Credit Score

Building Up Your Credit

No matter what loan you attempt to get, building your credit can only help you out now and in the future. Take some time to build your credit score. Apply for a credit card or seek out other ways to create a credit history by applying for other credit-based loans.

If you volunteer to become an authorized user on a friend’s or family member’s credit card, this will contribute to your credit history. As a responsible user, your credit history will become real and trustworthy.

Review your income and budget. Be realistic about when it’s the right time to purchase your car. It could be today or in a few months, but make sure you’re ready for the responsibility.

Financing Options

Before you discuss your financing with a representative from our finance team, fill out the online finance application. After you get pre-approved, you’ll know what types of loans pass muster and are available. If you try out our online payment calculator, you’ll get a better idea, too, of what you can easily afford.

Shop for a Car at Key Cars

Even with little to no credit history under your belt, you can buy a car near Milford, Manchester, and Middletown. Contact to see how you can get approved to purchase a car.

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