how to buy a car with out credit history

Asked by Aug 08, 2017 at 07:12 AM about the Toyota Camry

Question type: General

1 Answer

205

Cash is king. Or, you can find a lender who will extend a line of credit to you despite your lack of history. Typically these will be high interest rate loans with terms that aren't the most awesome. Alternately, you can always find credit cards that cater to consumers who are looking to build credit. Get your card and then spend and pay off. continue this and increase your limit. Your credit history will be building slowly at the same time as your high interest car loan. You will be demonstrating your creditworthiness in both consumer debt repayment and long term debt repayment

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