Thursday, 7 January 2016

Buying a Car without Credit History

If you have no previous records of loan applications or making financial commitments, it’s not the end of the world, you can still apply for car financing help!
Look Around
There are lots oflenders these days who are willing to put up loan for new customers without credit history. Shop around and do your comparison for the best rate!
Higher Interest Rates Apply
Lenders may “charge” you more to protect their interest because they cannot predict how you would uphold the contract agreement, unfortunately, there will always be a small different in the rate you receive!
Tell them more about yourself
If you are able to tell the lenders more about your financial history, perhaps you may be able to negotiate a better deal.
Consider someone to back you up!
Getting a trusted family member or friend to act as a guarantor can be an option as long as you don’t use them as a way out when you can’t make your payments!
You can also look for professional car financing help to help you cut down your processing and comparison times and get you the best car financing deals for your situation too!

Buying a Car without Credit History