No Credit Auto Loans



Looking for No Credit Auto Loans? We can help.

For many car buyers in the Louisville area, trying to buy a vehicle with no established credit can be a frustrating experience. Traditional banks can’t, or won’t, help you. Finance companies often only offer personal loans at very high interest. And many auto dealerships simply haven’t built the necessary financial relationships to get the job done.

That’s why Oxmoor Mazda Special Finance Department is different.

We’ve taken time to cultivate strong partnerships with both local and national financial institutions to secure the very best financing for those people seeking no credit auto loans. Unlike other dealerships who practically avoid auto buyers with little or no credit, Oxmoor Mazda does the opposite: We actively pursue those buyers to give them the chance they deserve. 


Getting Auto Loans With No Credit – Why Is Oxmoor Mazda Different?

Local Louisville car buyers looking for no credit auto loans often say that they simply need a dealer who is willing to invest the time necessary to get their auto financing approved. If you feel the same way, you’ll be happy to know that your search is over. Oxmoor Mazda’s Special Finance department specializes in no credit auto financing.

Our team of Special Finance Advisers has been specifically trained to help people secure no credit auto loans. Thus, due to the quality and volume of the no credit auto loans that Oxmoor Mazda generates, we have been recognized by both lenders and auto buyers alike as a leader in subprime financing in the Louisville, KY area. Those relationships are a key part of our success – but there’s much more to the story.

No Credit Auto Financing – Factors Affecting Your Loan

Not only have we built one of the largest subprime lending networks in Kentuckiana, but as part of the Oxmoor Auto Group, Oxmoor Mazda has access to the region’s #1 inventory of new, used, and certified pre-owned vehicles. While a large inventory may seem unimportant, it is actually a vital component to our tremendous success rate.

For auto finance companies, determining whether to lend money to potential buyers with little or no credit can be a complex equation. There are many factors to consider when calculating the risk of subprime credit auto loans.

In addition to a buyer’s credit (or lack thereof), auto lenders also consider things like: 

  • Does the buyer have a down payment?

  • Is there a vehicle trade-in?

  • How long does the buyer want to finance their loan?

  • What type of vehicle is being purchased?

Car Loans with No Credit – The Value of Dealer Inventory

While an auto buyer certainly controls the first three factors on the list above, the last factor is controlled primarily by the dealership. When searching for auto loans with no credit, working with a dealer who has access to a large and varied inventory is essential.


Buying-Cars-With-No-Credit-Scores-Louisville-KYBecause each auto loan company has their own specific criteria when approving no credit auto financing. The type of vehicle that is chosen can significantly affect a loan’s level of risk.

For example: older vehicles with high mileage are often less expensive, but they are also more likely to break down. Conversely, newer vehicles with lower mileage are less likely to break down, but are often more expensive.

High monthly payments and prohibitive repair costs significantly increase the likelihood of a loan default and possible vehicle repossession – two things auto lenders desperately want to avoid. As such, dealerships with only a few vehicles to choose from are at a significant disadvantage. Treating every customer the same only wastes valuable time and causes unnecessary frustration.

Oxmoor Mazda avoids such issues by having access to one of the largest vehicle inventories in the state of KY. With hundreds of vehicles to choose from, our Special Finance Team streamlines the process by quickly locating vehicles that match your individual needs and budget while simultaneously satisfying lender requirements. 

Purchasing A Vehicle With No Credit Scores – How It’s Done

No credit auto loans are a small but vital market within the auto industry. Auto manufacturers and dealerships understand that loan programs for individuals with no credit are necessary. New drivers without credit will inevitably purchase other vehicles in the future. 

Unlike many dealerships, Oxmoor Mazda has created an expansive portfolio of automotive lenders that offer numerous loan programs specifically designed for new credit buyers and current drivers with no credit scores. Our Special Finance Advisers will guide you through the loan approval process utilizing alternate documentation (rather than a credit report).

Among the documents that borrowers may be asked to provide are:

  • Proof of Income

  • Proof of Residence

  • Proof of Insurance (if applicable)

  • Letter of Intent / Job Offer (recent graduates)

  • Trade-In Vehicle Title 

  • Current Utility Bills


For more information or to schedule an appointment with a Special Finance Adviser, click the banner below:


Speak with an Oxmoor Mazda Special Finance Specialist now!