If you don’t have a credit history, you might think that you can’t get a car loan. This isn’t necessarily true. If you lack a lack a credit history or have no credit, there are still a number of options available to you when purchasing a vehicle.
First, you can make yourself a better candidate by opening a checking and savings account which can show a lender that you are responsible with money when you maintain a balance. You can apply for a credit card which reports to a credit bureau. If you use the card and pay it off monthly this can show a lender that you are able to manage credit and will also begin your credit history. You can keep a steady employment and residence. If you move around a lot, lenders are likely to think that you are not stable.
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