Can you take out a car loan with no credit?
I don’t have any credit. I didn’t want to get a credit card because I was worried I’d forget about it. But I heard that you can set up automatic payments for a car loan, so I wouldn’t have to worry about forgetting. The problem is that I have no credit. Can I take out a car loan?
- You have a cosigner with a good credit history
- You make a larger down payment on the car
- You can prove that you have a steady income