Can You Finance a Car with No Credit?

Have you heard that a bad-credit car finance deal is impossible to find? Think again! While it can take a little more research, you can find no-credit or bad credit car loans to make bad credit car finance a reality. If you’re near Dayton, you can stop by Dave Arbogast, where our finance center team is here to find the financing solution that works for you and answer any other lease or financing questions. We’ve also put together the following guide of next steps toward financing a car with no credit. Read on to learn more about your financing options!

Financing a Car with No Credit or Bad Credit

First off, keep in mind that as a no credit or bad credit lessee, your down payment and interest rate will most likely be higher than average. After reviewing your budget, stop by the Dave Arbogast finance center, where you can discuss your options with a financing expert. The following tips can be helpful to Vandalia drivers with bad or no credit:

  • Investigate your options. Don’t assume you won’t be approved, or that the first offer you receive is your only option. To build a plan that works for you, ask questions and make sure to explore all the options.
  • Revive your credit score. Using a credit card on small bills that you immediately pay off is a good way to boost your credit rating. Getting a credit card with a higher debt limit and using a small percentage of it is actually better for your credit score than using most of the available credit on a card with a low limit.
  • Budget and know your credit score. Your credit rating can take a hit when you apply for financing, so it’s a good call to keep your loan applications within a 14-day period to limit potential damage to your score.
  • Negotiate. Many dealerships consult with multiple lenders, so the first offer you receive won’t be the only one. Hold out until you have multiple offers to choose from, and select the one that’s best for your budget.
  • Be ready for higher costs. Higher interest rates and larger down payments are common if you have no credit or bad credit. However, if you’ve recently reached financial stability and are looking to rebuild your credit, paying your car loans on time is a great way to do it.
  • Consider lease options. Lease payments may be a bit higher than loan payments, but in the long run, leasing may be cheaper than buying.

Learn More About Flexible Financing with Dave Arbogast

You’ll find more car-buying tips on the Dave Arbogast blog, including a guide to Buy Here, Pay Here and in-house financing. Also be sure to check out our special lease deals from Dave Arbogast for drivers in the Troy area. Now that you know that financing a car with bad credit is an option, choose your favorite vehicles from our inventory and reach out to schedule a test drive today!

More from Dave Arbogast

  • 2020 Ford F-150 Trim Levels, Explained

    If you’re buying a 2020 Ford F-150 in Troy, you’ve got a wealth of options. As you may have read in reviews, Ford F-150 trim packages allow drivers to upgrade their vehicles for performance, technology, and whatever interior amenities may suit their needs. Learn more about 2020 Ford F-150 trims with this guide from Dave Arbogast!…

  • 2020 Ford Escape Dimensions

    Just look around and you’ll see compact SUVs are popular with Troy drivers. They’re more spacious than traditional cars, offering more cargo space and seating. The 2020 Ford Escape stands apart from its competitors for a bunch of reasons, and one of those reasons is the Ford Escape dimensions. Learn more here, and then head…

  • 2020 Ford Mustang Review

    For good reason, the Ford Mustang is among the most popular muscle cars in history. If you’re looking to have some serious fun, be sure to check out the 2020 Ford Mustang. Some big updates transform the Mustang into an even more exciting ride. Not only has Ford introduced a new EcoBoost Performance package, but…

Saved Vehicles ×


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us ×


Call Now

3540 S County Rd 25A • Troy, OH 45373

Get Directions

Today's Hours:

Sales: Closed

Service: Closed

Dave Arbogast 39.987986, -84.2033019.