Can I get a car loan with no credit?

I've got no credit to speak of because I'm young and my parents cover most of my expenses. Will anyone give me a car loan?

Answer provided by
Johnny Puckett
Answered on Mar 12, 2021
Many lenders do offer no-credit loans, but getting one depends on the lender and your approach. A good place to start looking for a no-credit loan is a bank or credit union that you already have a relationship with. If your bank does not offer the kind of loan you need, or if you do not have an account, an online lender may be a good option as well. However, you should do your research to make sure you only deal with reputable lenders.
Whichever option you go with, you should always seek pre-approval with any documentation that proves you can make the monthly payments for the full term of the loan.

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