Rockingham Honda

Can You Finance a Car with No Credit?

Closeup of man signing a contract of car sale.

Many Windham drivers wonder: “Can you finance a car with no credit?” The answer is yes! It may be a bit tricky, but it can be done. Learn more about no-credit car loans and how to finance a car with bad credit in this guide from the finance team at Rockingham Honda in Salem.

Financing with Bad or Even No Credit

If you are looking to finance a car with no credit in the Lawrence area, it is important to keep in mind that the down payment and the interest rates may be higher than average. It is best to know exactly what your budget is and give yourself some leeway. Here are some tips on applying for a no-credit loan:

  • Ask questions and don’t assume you won’t be approved. Don’t assume that the first financing offer you receive is your only option. You should be prepared to ask questions to find out if there are other options that work better with your budget.
  • Revive your credit score. If you have bad credit, there are some things that you can do to build it up. For example, using your credit card on small things and immediately paying it off can boost your credit score.
  • Know your budget and your credit score (if you have one). Applying for financing can negatively affect your credit score. To limit the potential damage on your score, try to keep all of your loan applications within a 14-day period.
  • Separate price negotiation from financing. You don’t necessarily have to accept the first offer you receive. Many dealerships work with multiple lenders, so there will be other options available.
  • Be prepared for a higher cost. You should expect higher interest rates and/or a larger down payment if you have no credit.
  • Leasing might be a better option. Ask about the available lease options. Your lease payments may also be higher than average, but less than those you’ll get when purchasing a vehicle.

Apply for Financing at Rockingham Honda

The finance experts at Rockingham Honda can help make securing a bad credit car loan easy and hassle-free for Methuen and Haverhill drivers. Whether you’re looking to buy or to lease a new Honda, we’ll work to get you a deal that will suit your budget. Use our convenient payment calculator to determine what your monthly payments will be, and then apply for financing with us online to get pre-approved today! Feel free to contact us if you have any questions.

More From Rockingham Honda

  • 2021 Honda Accord Interior

      Along with its sporty styling and powerful performance capabilities, the 2021 Honda Accord interior is a big part of what makes this midsize sedan one of the most popular at Rockingham Honda. Roomy, comfortable, and loaded with tech-savvy features, the Honda Accord interior will enhance any Lawrence drive. Learn more about the Honda design and…

  • 2021 Honda Pilot Safety Ratings

      The new Honda Pilot is a capable midsize SUV that offers powerful V6 performance, a spacious interior, and loads of convenient features designed to enhance your Lawrence-area driving experience. If you are shopping for a family-friendly vehicle, you’ll be happy to know that the Honda Pilot safety ratings prove it is designed to keep…

  • How Much Can a Honda Pilot Tow?

      If you’re looking for a capable midsize SUV that delivers strong V6 performance, the new Honda Pilot is a great choice. How much can a Honda Pilot tow? When properly equipped, this Honda SUV can tow up to 5,000 pounds. Learn more about how the Honda Pilot towing capacity in this guide from Rockingham Honda,…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us


Call Now

402 South Broadway • Salem, NH 03079

Get Directions

Today's Hours:

Open Today! Sales: 9am-6pm

Rockingham Honda 42.7495775, -71.2046905.