can I buy a used car without credit ?


Asked by May 19, 2016 at 12:42 AM

Question type: General

I need a car in low price and I don't have a credit card
because I'm working for 5 month only. I'm able to pay
monthly instalment, but It's tough to give any
downpayment .....,

1 Answer

Tom Demyan

How low a price are you looking? Under $10K, most banks will not give you an auto loan, but a personal loan. It's better to talk to your bank or credit union first, to see how much of a loan you can qualify for before you start vehicle shopping. You will know the monthly amount and interest rate, etc.

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