How to Finance a Car With No Credit Check & No Money Down

Many lenders don't want to take a chance on making business deals with people who have anything less than stellar credit. That means a good number of Americans are having a hard time finding financing. However, certain people and companies are helping people with low or no credit. You have a few options if you want to buy a car with no money down and no credit check.

Instructions

1

Look for a private seller willing to accept payments from you. A smart seller will ask for a written agreement between you, but he might be fine with no down payment, and there won't be a credit check.

2

Research third-party companies that help people with less-than-perfect credit. Depending on the company, you can often get financing without a down payment. And while these companies do have to run your credit, they already know you might not have the best credit score. These companies will probably charge much higher interest rates.

3

Borrow money from friends or relatives. Make a contract to pay them back over time. This way, you probably won't need to pay interest, and you won't have credit checks or down payments to worry about.

4

Offer an exchange other than money. For example, if you're trying to buy a car from your neighbor, ask if she'd consider giving you the car if you do his landscaping for the next couple of years. Or hand over that old dirt bike you never use. Whatever you have to trade, you might luck out and not even need to get financing.