Can You Finance a Car with No Credit?

reviewing car documents



While financing a car with no credit can be a little tricky, you can make it happen, especially when you work with a trusted finance department that can guide you through the ins and outs of no credit car loans. See how to make it possible with the experts at Land Rover Annapolis!

Financing with Bad or Even No Credit

In order to score a car financing with no credit, you should be prepared to come to the table with a larger down payment to help offset the higher interest rates you’re likely to be quoted. Budget appropriately, and keep these car buying tips in mind before signing on the dotted line:

  • Ask questions and don’t assume you won’t be approved. Don’t let your financial situation hold you back. You don’t have to accept your first option, so do your research to find your best rates and deals.
  • Revive your credit score. Even before you start shopping for a new car in Annapolis, making efforts to boost your credit score will go a long way. Limit your credit card spending and pay off the entire balance every month. This strategy could also help you refinance your current auto loan for a better rate.
  • Know your budget and your credit score (if you have one). Every time you apply for financing, your credit score takes a hit, so schedule loan applications within the same two-week period to decrease risk.
  • Separate price negotiation from financing. Most dealerships work with an extended network of lenders, so make sure you see what they all have to offer. Even in-house financing car dealers will likely give you more than one option to consider.
  • Be prepared for a higher cost. While it’s important to shop around, you are almost guaranteed to pay more for having bad or no credit. You should expect to see higher than average interest rates.
  • Leasing might be a better option. Overall, leasing can be a more affordable option than purchasing a vehicle outright, with lower monthly payments. Explore our current Land Rover lease offers to see how you can save!

Find an Auto Loan at Land Rover Annapolis

Worried about your credit? Our friendly, knowledgeable finance team is here to help. We have a variety of finance tools to help you on your car buying journey, allowing you to calculate your payment and apply for financing from the comfort of home. Contact us with any questions, or learn more about the costs of other requirements, like liability insurance.

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101 Ferguson Road, Annapolis, MD, 21409

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Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 8:00 PM
  • Sat9:00 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 4:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 4:00 PM
  • SunClosed
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(410) 907-8300

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101 Ferguson Road • Annapolis, MD 21409

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Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

Land Rover Annapolis 39.0177406, -76.4824321.