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1560 Auto Park Way, Escondido, CA, 92029

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Phone Numbers:Sales Hours:
  • Mon - Sat9:00 AM - 7:00 PM
  • Sun11:00 AM - 5:00 PM
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  • Mon - Fri7:00 AM - 6:00 PM
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Can You Finance a Car with No Credit?

car financing



Short answer: Yes, you can finance a car with no credit. In fact, you can finance a car with outright bad credit. There are challenges, but it’s not impossible, especially when you’re working with the finance department at Mazda of Escondido. Below, our experts detail how San Marcos drivers can finance a car even if they don’t have any credit—maybe even a new Mazda car!

Financing with Bad Credit or No Credit At All

When financing a car with no credit, there are concessions you’ll have to make. For one, the down payment and interest rates may be higher than average. This makes it imperative to prepare yourself for buying a car by knowing exactly what your budget—and correlating wiggle room—is for your intended purchase. The below tips should help Vista drivers conquer this car-buying task:

    • Ask questions and explore your options: Don’t settle for the first option, assuming you can’t do better. It doesn’t hurt to ask questions—so do so! Find an option that suits your needs.
  • Improve your credit score: Ahead of buying a car, take some time to attempt to improve bad credit or build up new credit. Use a credit card for small purchases you can pay off immediately. This will have a great effect on your credit score.
  • Plan Around Your Credit Score: Knowing where your credit score is at should help you plan accordingly. It’s also imperative to understand that applying for financing can affect your score, sometimes negatively. Make sure to keep all of your loan applications within a 14-day period to limit potential damage to your credit score.
    • Separate price negotiation from financing. The first offer isn’t the only one. Many dealerships go through multiple lenders.
  • Be prepared for a higher cost. You may receive higher interest rates, a larger down payment, or both if you have no credit.
  • Leasing might be a better option. See what the dealership offers in terms of a lease. These payments might also be higher than the average lease, but cheaper than attempting to purchase a vehicle. Our finance department is happy to guide you through the leasing process, whether you are interested in leasing a car with bad credit, or want to know if you can lease a used car.

Apply for a Loan at Mazda of Escondido

Our finance department is dedicated to watching Carlsbad-area drivers drive off the lot in a brand new Mazda—it brings us joy! Please, reach out with any questions you might have, or feel free to apply for financing online to prepare for the kind of options potentially available to you. Remember, trading in a car might make the application process a little easier, even if you financed your purchase.

And, don’t forget to take a look at our new Mazda3 or Mazda CX-3 inventory, because you just might see something you want to test drive—schedule a ride today!

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1560 Auto Park Way • Escondido, CA 92029

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Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

Mazda of Escondido 33.1174397, -117.1069548.