Tuesday, October 13, 2009

Can I still approve for an auto loan with no credit?

No unless you have a large down payment or a co-signer.



Can I still approve for an auto loan with no credit?

Depends on what lender you go through. Usually, they want you to have a co-signer, or a large downpayment, or you basically have to find a car that's worth more on Kelly Blue Book/NADA (car appraisal) than what the dealer/seller is selling the vehicle for. Some lenders will give you the loan, but with really really HIGH interest rate.

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