Buying a Car on no credit loan?

[addy01]

Hey guys!
Just need to know something. Has anybody here got themselves a no credit car loan?
I have never taken loan or mortgage in my life and never used a credit card before. I have a debit card and use them a lot, but I don’t think that would have affected my credit score. I am looking to get a no credit car loan to buy a new Mazda3 sedan. What are my chances to get this loan approved if I contact any no credit car loan company? Is it necessary to build my credit score? If someone here has experience with getting no credit loans, please try to help me.

[AwAfrican]

Biggest thing would be them checking your income, also no credit history usually means increased interest rate. Have you checked with the dealership (used or actually brand name) to see if you can get one through them? They may still be able to do it assuming you have the steady income.

[Jeff-TheBiz]

No problem.

Either put some cash down or get a coapp.

I may be able to get you approved without but it depends on the amount, your job and the term.

Call me.

[m_bisson]

They're stupid, but get a credit card asap. Even if you never use it. Length of time is also a factor for credit score.

So someone who got a credit card the day they turned 18, will probably have better credit than the same person getting their first credit card/loan at age 30.

[AwAfrican]

They're stupid, but get a credit card asap. Even if you never use it. Length of time is also a factor for credit score.

So someone who got a credit card the day they turned 18, will probably have better credit than the same person getting their first credit card/loan at age 30.

Fact, or pay for gas for the car, go home and pay it that way it's not inactive will build credit faster and you basically just use it as a debit card

[asyed]

Op might want to look into this:

https://www.mazda.ca/en/shopping-too...st-time-owner/

[Jeff-TheBiz]

Any luck?