Can you purchase a brand new car without any credit?
2007-05-08 10:40:20 · 9 answers · asked by Tran N 2 in Cars & Transportation ➔ Buying & Selling
If you have cash - yes! Otherwise, yes you can purchase a vehicle with little to no credit history - but they will give you a high interest rate.
2007-05-08 11:44:25 · answer #1 · answered by S17V 4 · 1⤊ 0⤋
Yes, if you have the cash to pay for it. A second option is if you have enough collateral to put up to secure the loan. A third, less likely option is to have someone with good credit co-sign for the loan.
2007-05-08 10:57:39 · answer #2 · answered by regerugged 7 · 1⤊ 0⤋
If you finance a new car with no credit, the crooks will hit you with some otrageous rate like 20% or even more. They prey on people with no or poor credit. Think of getting a good used car consistent with your means.
2007-05-08 10:52:41 · answer #3 · answered by Anonymous · 1⤊ 1⤋
Only with a co-signer. Unless you qualify for a first time buyers program, where you are a first time buyer, and you've been at your job for longer than 12 mts and make a minimum of 2400/mt
2007-05-08 11:00:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yeah I know a bank that will do it for college grads or people with 1600 dollars of monthly income and at least 8 months on the job with $1,000.00-$1,500.00 dollars down.
www.sunrisechevy.com
midlothian store
Gabriel
2007-05-08 10:51:05 · answer #5 · answered by gtamayo1 4 · 0⤊ 0⤋
there are so many programs out there im a salesmen in nj for gmc chevy pontiac buick and the smart buy and smart lease programs help people in your situation
2007-05-08 10:50:45 · answer #6 · answered by Laura 2 · 0⤊ 2⤋
You can If....
You won the lottery
Saved all the money from your job
2007-05-08 10:51:39 · answer #7 · answered by oneradartwo 2 · 0⤊ 0⤋
yes. Pay cash.
2007-05-08 10:42:54 · answer #8 · answered by jay 7 · 1⤊ 0⤋
only if you pay cash, cash is king
2007-05-11 18:16:21 · answer #9 · answered by new money 2 · 0⤊ 0⤋