Auto Loans with No Credit History

Our top three recommendations for no-credit auto loans are myAutoloan, Autopay and Auto Credit Express. Be aware that the starting annual percentage rates (APRs) below apply to borrowers with good credit histories, so they may not be available to no-credit customers.

#1 MyAutoloan: Best Low-rate Option

Starting APR: 4.49% for new car loans Loan amounts: $8,000 to $100,000 Loan terms: 12 to 84 months Better Business Bureau (BBB) rating: A+ with accreditation

If you don’t have a credit history, myAutoloan is a good place to start. The company works with a wide range of lenders in its network, and some of those lenders can accommodate borrowers with little or no credit history. You can get new-vehicle financing, used-car financing and refinance auto loans through myAutoloan. It also offers lease-buyout loans and private party auto loans.

MyAutoloan Pros and Cons

What Sets myAutoloan Apart

Here’s what sets myAutoloan apart from its competition:

  • One-stop shop: The myAutoloan marketplace offers multiple types of car financing options, which makes it a great place to compare rates if you haven’t decided whether you want to lease or buy a car.
  • Online offers in minutes: You can compare offers from up to four lenders within minutes if all your information is complete. Some other companies require you to wait for a call back instead.
  • Get a check for the loan amount: Once you’re approved, myAutoloan sends you an online certificate or a check you can take directly to the dealership. Having a check in your hand gives you an edge when negotiating the price too.
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Keep reading: myAutoloan review

#2 Autopay: Most Well-rounded

Starting APR: 4.67% Loan amounts: $2,500 to $100,000 Loan terms: 24 to 84 months BBB rating: A+

Autopay works with people at all levels of the credit spectrum, which makes it a great option for no-credit auto loans. The company’s network of lenders offers vehicle purchase loans and refinance loans. Options from Autopay include cash-back refinance loans (also known as cash-out auto refinancing) and lease-payoff loans.

Using Autopay is easy since the application is online, and you get access to a loan specialist who can help you throughout the process.

Autopay Pros and Cons

What Sets Autopay Apart

Autopay offers a few unique features in the auto loan industry:

  • Loan Champions: When you work with Autopay, you’ll get access to a Loan Champion who will walk you through each step of the process and handle payment transactions and title transfers for you. Having someone to help you through the process can be especially helpful if you don’t have experience with auto loans and you have no credit history.
  • Lender variety: Autopay’s lender network includes many types of financial institutions that set their own loan requirements. That’s why Autopay can work with people who have bad credit, thin credit or no credit.
  • VIN lookup: During the application process, you can look up the exact vehicle you want to purchase if you have access to its VIN. This will give you the most accurate rates.

#3 Auto Credit Express

Starting APR: Not specified Loan amounts: Not specified Loan terms: Vary by lender BBB rating: A+ with accreditation

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Auto Credit Express specializes in financing for borrowers with bad credit, low credit, no credit and bankruptcies. The provider has been in business since 1999 and works with dealerships and other lenders to offer auto loans, refinancing and lease options. If you haven’t been able to find financing from other companies, it can be a good idea to check out Auto Credit Express.

Auto Credit Express Pros and Cons

What Sets Auto Credit Express Apart

Here’s how Auto Credit Express stands out:

  • Specialty lending network: Since it works with many lenders, including dealerships, Auto Credit Express can offer loans for people who don’t fit the standard credit criteria.
  • Resources and tools: Auto Credit Express offers resources for building credit and useful tools like a car loan calculator and car loan estimator.
  • Availability: Auto Credit Express is the only provider on our list that caters to people with no credit, bad credit or thin credit.

Keep reading: Auto Credit Express review