Get a Car Loan With No Credit

How to Get a Car Loan With No Credit in Burnaby, Vancouver and Surrounding Area

How To Get a Car Loan With No Credit in Burnaby, British Columbia

If you have no credit history, but need to get a reliable vehicle, we at BC Auto Credit are here to help. Individuals with no credit history may feel like they do not have any viable options, however we know that it is certainly possible to get a car loan with no credit history. Here are some tips for getting a car loan with no credit:

Have a cosignor

The easiest way to get an auto loan with no credit is to have a consignor sign with you. A consignor is an individual who you trust that ultimately promises to take on the payments if you default on the loan. It is important that your consignor have good credit history in order to co-sign for you. In most cases the co-signor must be a partner/spouse or an immediate family member.

Have your paperwork ready

When you are trying to get a car loan with no credit, having the appropriate paperwork ready will be extremely beneficial when you apply for a loan. When you meet with one of the credit specialists here at BC Auto Credit, make sure to bring financial documents to prove your identity, income, and that you make your payments on time. If you have rent receipts or utility bills, make sure to bring those along as proof of on-time payments. Bringing along paystubs and tax returns from previous years will also help you with your application.

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