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Posted in Auto Loans
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Question By
dje87000

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can i get a brand new car with no credit

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Lets see what are your options with No Credit.

* You can pay cash with no credit.

* You could have someone co-sing for you,  so if you miss payments or default on the loan then who ever co-signed for you is screwed.

* You could try to have a nice big Down payment ( say 50%) on the car to limit the loan amount,  you might end up with a much higher intrest rate.

* Go to your bank or Credit Union ( everyone needs to have a Checking & Savings Accounts ) and if you have banked with them for a Long time and they know you see if they can do something for you.

It will be hard to do and you will end up paying more but it could be done.

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Reply by
mbacan

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Chevrolet is doing a lot of no / bad credit loans. The are tapping into this market because it is so big.

If you can prove you can pay the loan, you may have a shot with a new Chevy.

Just google "buy chevrolet with no credit (and your state)" and work with a dealer or 2.

Be careful though, many dealers with just send out the credit app to many banks, so you may get several hard inquiries at the same time (ask that they try one bank at a time)

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