What is the best type of no credit car loan?
I need to get a car loan but I do not have established credit. I looked online and there are tons or car loans out there that will loan me money with no credit checks! So my question is: which is the best? Which has the lowest interest rates/best options? I'm looking for serious answers please.
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Answer by mark
I would think that if they are going to loan you money without a credit check then it is a) a scam or b) a total rip-off (probably like 20-25% interest)
You need to go to either a reputable website (like lendingtree.com) or a bank in person and get the loan from one of those. These are nice because they will only approve you if you can afford the loan (for the most part).
If you can't get one of these legit loans you need to build your credit before worrying about taking out a loan.
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