No Credit Check Auto Loans

It is completely understandable when people become frustrated with searching for dealers that offer no credit check auto loans close to their home. Driving around from dealership to dealership wont typically yield any approved results, as most car dealers tend to use

a third party lender (usually a bank) for any of their auto loans. Unless otherwise advertised (such as a buy here pay here or we finance car lot) the typical dealership can typically only approve people with a good to great credit history because someone else is supplying the financing. Still, there is a large need for no credit check car loans  for people with bad credit who are looking to a buy vehicle but cannot get approved for a typical loan.

Most circumstances would require a customer to have some form of a down payment to be approved for a no credit check auto loan. But most dealerships that supply car loans with a credit check will accept a trade-in as form of down payment. Of course each lender has its own policies; but most of these car lots are usually willing to work with their customers on the terms of their financing.

The thought of being approved for an auto loan without them checking your credit sounds a bit outlandish, I know. But most auto finance companies that supply these loans do not report back to the credit agencies who determine your average score. Even if you make your regular payments on time, your credit is not influenced at all; which would normally help to improve your credit slowly. So be sure to ask at each dealership about their credit reporting policy if you are thinking about getting your bad credit financing through them.