How to Finance a Pre-Owned Car With no Credit

Just because you do not have any credit does not mean that you cannot get financing for a car. Most pre-owned car dealerships now offer in house financing for people with no credit. All that is required is a down payment. This article will give you step by step instructions on how you can finance a car with no credit.

Instructions

1

To start the process of call around or go to some of your local pre-owned car dealerships and ask if they offer in house financing and if so look around for the car that you want to finance and ask the dealer how much of a down payment would you need to finance the car since you have no credit and they will tell you. Generally around $1000 or $1500 or a certain percentage of the total price of the car.

2

Next, once you have found the car and you know how much down payment is required to finance the car, start saving for the down payment. If you already have the down payment, take it to the dealership and start the financing paper work on your car.

3

Next, once you have the required down payment in the dealers hands and they have started the paper work, you will need to go and get your proof of insurance for the car. So go to your car insurance carrier and purchase an insurance policy for the car that you are financing and take the proof of insurance back to the dealership.

4

Once you have taken the proof of insurance back to the car dealership you can finish the car financing and drive off in a car that you have just financed with no credit.