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It's very difficult getting a car loan with no credit but not impossible. When getting a car loan with no credit the best thing to do is to save up ones money for a down payment because the larger the down payment the better chance it is to getting approved for the loan. Having proof of income and being able to make the payments helps greatly.
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∙ 10y ago
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Can someone with a credit score of 512 get a car loan?
no
How can one receive a car loan with no credit?
You can receive a car loan with no credit by building up some credit. You can do this by opening a savings account and cell phone account and keep the payments up for awhile. Alternatively, you can get someone to co-sign for the loan.
Where can someone get a car loan guaranteed?
One can't get a car loan guaranteed. Nothing in life is guaranteed. There are many factors that come into play when asking for a car loan such as credit score and age.
Can you include someones income on a car loan without their bad credit affecting you?
A person cannot include someone's income on a car loan, without their bad credit affecting the outcome of the loan. If another person is placed on the car loan, that other person will also be run through a credit check. This includes cosigner applicants.
Where can someone with bad credit get a used car loan?
The best thing to do is visit any company offering car loans and negotiate with them. Due to bad credit this could be an issue but you are more than likely to find someone who is willing to provide you with a loan.
When someone with bad credit wants to apply for a car loan what can they do to improve their chances?
If you have bad credit and want to apply for a car loan, be honest with the creditor. Let them know you have bad credit, but show that you have made consistent payments on particular bills recently.
How can one get in the UK a car loan with bad credit?
Obtaining a car loan in the UK for someone with bad credit will likely have to be done through a sub-market or a broker. Lenders will not typically loan money to those that have a history of not being able to repay the debt.
What is a straw buyer for a car loan?
a straw buyer is someone who uses someone else's credit to secure a car loan (and car) to drive for themselves, knowing that the person whose credit is being used has no intention of driving the car and ultimately may not be responsible for the payments. It is often illegal for a straw buyer to be the only insured driver of the car.
Where could one get an auto title loan?
Incestopia is the best place someone could get a loan just because of the simple fact that they do not do credit checks prior to signing for a loan. This allows for even people with the worst credit to get a loan for their car.
Can you take out a car loan and add someone to registration For example you do not have the best credit so your fiance gets a car loan Can he then add your name to the registration?
Yes, in most states.
Will a low credit score hurt my chances of getting a car loan?
While it may be more difficult for someone with a low credit sccore to get as good of a loan as someone with a good credit score, it is not necessarily a problem or impossible. For more information www.efunda.com/formulae/finance/loan_calculator.cfm offers loan calculators.
Is there any way to get your name off of a loan if you cosigned for a car loan while you were married and then you got divorced?
The loan has to be "secured" by someone with good credit. Call the lender for their loan qualifications.
