If you are a first-time car buyer, and don’t have a credit history, you may be wondering what your financing options are. The good news is that there are car financing solutions for those without a credit history. Many banks and credit unions offer auto loans to those without established credit. Most lenders also look at other factors besides credit to determine if you qualify, such as income, length of employment, etc. Additionally, other financing options are available, such as leasing and Buy Here Pay Here dealerships who often do not rely on a credit score. Financing a car with no credit can be challenging, so it’s important to research each financing option so you can find the best option for your particular situation.
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