How to buy a car if the credit report fails?
1, borrow money from relatives and friends and buy a car in full.
The credit information is too poor to apply for a car loan, but the personal daily credit is good. You can try to borrow money from relatives and friends, you can give them an iou, agree on the repayment date, and even settle interest for them. In this case, most people will be willing to borrow money, but you should remember to pay it back on time in the future so as not to damage your social image.
2. Find an auto financing company to handle auto loans.
If you apply for a car loan in a bank, the bank has relatively strict requirements for the borrower's credit information. At this time, you can consider looking for an auto financing company to apply for a car loan. The requirements for credit reporting are not so strict. Generally, you can apply for a job certificate, but the loan interest rate may be relatively unfavorable, and you will lose something. This needs to be measured by the borrower himself.
3. Increase loan collateral
If the credit fails, the vehicle mortgage can't get the car loan. You can consider adding collateral, such as adding real estate as collateral. In this case, the borrower's overdue cost will be high, the willingness to repay will be stronger, and the probability of applying for a car loan will be greater.
Poor credit information, in order to improve the loan success rate, loan applicants need to prove their repayment ability, and can also provide more asset certificates to show their repayment strength.
As for how to buy a car without credit information, I believe everyone knows fairly well. It's really a black account. Don't think about loans, try to buy a car in other ways.