Buying a Car With No Credit

DriveHubler Certified Pre-Owned is home to Indy’s largest pre-owned inventory of quality vehicles. For decades, the Hubler Group has been providing financing options to buyers of all credit types across Indiana. At our used car dealership in Greenwood, IN, we specialize in financing vehicles for those in tough credit situations. Our car buyers with no credit history are typically surprised at the rate our finance specialists are able to get them.

Since we work with over 40 different lenders, we can shop around for you to find the payment plan that works best for you. DriveHubler Certified Pre-Owned’s Credit Building Program allows you to build a great credit score by making convenient payments on your certified pre-owned vehicle, without the high interest rates and hassle of a “Buy Here Pay Here”. Not sure if you have credit? Use our online Quick Pre-Qualify tool to check without a hard credit inquiry.

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What Do I Need to Buy A Car With No Credit?

Just bring us your Driver’s License or ID, proof of income, and a down payment- we’ll take care of the rest! Buying a vehicle is often the first large purchase in your life, but no need to worry, we have a team that specializes in assisting first-time buyers or those without established credit. Most lenders do require full-time employment to secure your auto loan. A down payment may not always be required, but any down payment (no matter how small!) will reduce your monthly payment and may even help you get a lower interest rate.

Should I Buy an Older Car to Establish Credit?

Typically, the best vehicles for a first-time buyer to purchase will be 2 to 5 years old with under 100,000 miles. This is because the vehicle will maintain more of its value through the life of your loan. This makes the loan less risky for the bank/ lender and you will most likely qualify for lower APR and a longer loan term than if you purchased an older vehicle. Most vehicles will that fall in this category will also qualify for our free Q Certified Warranty, so you may save on repairs in the long run. Popular vehicles for those looking to establish credit include the Chevrolet Equinox and Nissan Altima thanks to their affordable price point and reliability.

Can I Get a Car Loan With No Co-Signer?

If you have no credit history, it is recommended to have a co-signer on your auto loan. Having a co-signer will often allow you to qualify for more vehicles at a better rate. If a co-signer is 100% not an option, we do still have lending options for your vehicle purchase. Those looking to finance for the first time without a co-signer should have an established full-time job and a down payment for the best chances of credit approval.

Tags: Auto Loan, Finance, First Time Car Buyer, No Credit, Used Car
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