Can You Finance a Car With No Credit?

Woman Using Calculator

Yes, financing a car with no credit is possible! It will be more challenging than financing a vehicle with good credit, but it is something you can do. Suntrup Automotive Group has the details on no credit car loans and even financing a car with bad credit. Our finance experts will help you secure a loan so that you can drive home to in a reliable and affordable vehicle you will love.

Financing with Bad or Even No Credit

When you’re financing a car with no credit, remember that your down payment and interest rates will be higher than average, so keep that in mind when setting a budget. When planning a budget, be sure to leave a little wiggle room. You don’t want to stretch your budget too far and struggle to make your monthly payments on time. The following tips may also be of assistance:

  • Ask questions and don’t assume you won’t be approved. You may think that the first offer you receive is the one you have to accept, but that’s not the case. Ask questions to find out whether there are other options better suited to your needs and budget.
  • Improve your credit score. If you have bad credit, do what you can to boost your score. Use your credit card on small things and immediately pay it off. This is a good way to get your credit score back to where it should be.
  • Know your budget and your credit score (if you have one). When applying for financing, your credit score can take a hit. Keep all of your loan applications within a 14-day period to limit the potential damage to your score.
  • Separate price negotiation from financing. Once again, the first offer you are given is not the only one available. Many dealerships go through multiple lenders.
  • Be prepared for a higher cost. If you have yet to establish credit, your interest rates and down payment will be higher than average.
  • Leasing could be beneficial. Do not rule out leasing if you have less than perfect credit. While your lease payments will likely be higher than the average lease, it will still be more affordable than purchasing a vehicle.

Apply for a Loan at Suntrup Automotive Group

At Suntrup Automotive Group, we strive to make securing a bad credit car loan as hassle-free as we can. See our bad credit car finance options, leasing options, and more when you visit us in St. Louis. You can even apply for financing online to speed up the approval process before stopping by the dealership. Contact us today for more information.


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5926 S. Lindbergh Blvd • St. Louis, MO 63123

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Suntrup Automotive Group

5926 S. Lindbergh Blvd St. Louis, MO

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Suntrup Automotive Group
Suntrup Automotive Group
5926 S. Lindbergh Blvd
St. Louis, MO, 63123 US
https://di-uploads-development.dealerinspire.com/suntrupdirect/uploads/2018/01/SuntrupOGImage.png
Suntrup Automotive Group 38.5214964, -90.3451239.