Is it impossible to buy or lease a car with bad or no credit? No. But it may cost you your dream car—until you build your credit. It may cost you a larger down payment. Or it may cost you a higher interest rate. To prepare ahead of time, be ready with a few back-up vehicle options in case you don’t qualify for your first choice.

When searching for a car to buy or lease, with bad credit or no credit, it’s best to consider different options from various dealers to get you the best deal. This is why working with a broker is a no-brainer. We have relationships with dealers all over Los Angeles, many years of negotiating experience, and know which dealers offer special programs or assistance. With all of this in our back pockets, we are sure we can find the best option for you.

Some helpful steps you can take to put you in a better position for a loan if you have bad credit:

• Stay at your current job for as long as possible to show a consistent history of employment
• Stay at your current place of residence for longer than a year
• Get smaller lines of credit in your name and pay the bills on time every month
• Open and maintain a personal bank account (if you don’t have one already)
• Get a co-signer

The good news is, once you get your car and pay your monthly payments, you will start building good credit history. The hard part is, getting there with no credit history or bad credit. We’ll use our relationships with many dealers and lenders to help you with different financing options that could work for you and get you into your new car. Call us if you have any questions or for a quick consultation.