It is possible to finance a car with no credit, but it can be a little tricky. Find out about no-credit car loans and financing a car with bad credit in this guide from the auto loan specialists in the Right Honda finance center. Then stop by our Honda dealership in Scottsdale, and let us put you behind the wheel of an exciting new Honda today!
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Financing with Bad or Even No Credit

It’s important to know that if you have no credit the required down payment on your car, as well as the interest rate, will most likely be higher than average. Before visiting Right Honda you should take a close look at your budget so you’ll know just how much you can afford to spend. The following tips can be helpful for Phoenix and Glendale drivers shopping for a car with no credit or bad credit:
  • Ask questions and don’t assume you won’t be approved. It may seem that the first financing offer is your only option. But that’s not necessarily the case. Ask questions and make sure to explore all available 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.
  • Know your budget and your credit score (if you have one). Your credit rating can take a hit when applying for financing, so try to keep all of your loan applications within a 14-day period to limit potential damage to your score.
  • Separate price negotiation from financing. Many dealerships consult with multiple lenders, so the first offer won’t be the only one.
  • Be prepared for a higher cost. Higher interest rates and larger down payments are common if you have no credit.
  • Leasing might be a better option. Lease payments might be a bit higher, but in the long run, it could be cheaper to lease than buy a vehicle.

Apply for a Loan at Right Honda

With our flexible financing options, new vehicle lease and finance offers, and used vehicle specials, you’re sure to get the great deal you’re searching for no matter what your credit score may be. Use our convenient car payment calculator to determine what your monthly payments will be, then apply for financing with us online. Find out about the possibility of leasing a used car, and please feel free to contact us if you have any questions or would like more information.

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