Can You Finance a Car With No Credit?

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Some Kyle drivers are wondering if financing a car with no credit is possible. The answer is yes, you can finance a vehicle in Buda with no or bad credit card finance. Even though the process can be a little more complicated, it is possible for a driver with no established credit history to finance a car. Learn more about financing a car with no credit with the finance team at Sterling Acura of Austin. Then, explore our new Acura specials to ensure you’re getting the best price for your next new vehicle in Austin.


Financing a Car with No Credit or Bad Credit

Whether you have no credit or bad credit, getting car financing is possible in San Marcos. However, you might need to make a bigger down payment and pay higher interest rates. Setting a budget is also important. Keep in mind, sticking to the lower end of the budget gives you a little wiggle room for a rainy day. When seeking bad credit car finance, keep the following bits of advice in mind:

  • Ask questions. Ask questions to see all of your options. There might be one that’s a better fit for your financial situation.
  • Don’t assume you won’t be approved. Likewise, don’t assume the first offer you get is the only one. The finance team at Sterling Acura of Austin will work with you to find the option you’re most comfortable with.
  • Enhance your credit score. Even if you have bad credit, there are ways to boost your credit score before making a vehicle purchase. A great way to improve your credit score quickly is to use your credit card on small things and immediately pay it off.
  • 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. Many dealerships go through multiple lenders, so, remember, you do not have to accept the first offer presented to you. Negotiate for a price on the lower end of your budget.
  • Expect some higher costs. You may receive higher interest rates, a larger down payment, or both if you have no credit.
  • Keep leasing in mind. Be sure to consider leasing if it is right for your driving needs. With leasing, your monthly payments are lower than with traditional financing. They will still be higher than they would be with a good credit score, but it can be a more affordable alternative.

Get Auto Financing at Sterling Acura of Austin!

Financing a car with bad credit is possible. Have questions? Contact us at Sterling Acura of Austin and we’ll walk you through all your financing options, including leasing or our secure online application.


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Disclaimer:

*Prices shown do not include taxes or license. Prices shown include a destination & handling charge. The destination & handling charge for sedans/SUVs is $995 or $1025, NSX is $1800 or $1995, and PMC edition is $1995.  Actual vehicles/accessory costs, labor and installation vary. Please consult your selected dealer.

**With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 72 month term, 5.9% interest and 20% downpayment.


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4801 S IH 35 Frontage Rd • Austin, TX 78744

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Sterling Acura of Austin 30.2072295, -97.7556433.