What Does Guaranteed Car Financing Mean?

Car keys and a credit card on top of a signed car loan

What is Guaranteed Car Financing?

Are you wondering if you can finance a car with bad credit or no credit? The answer is yes, and the way to do so is with guaranteed car financing. Rather than using your credit score to determine what you qualify for, a dealership’s in-house finance experts will use your income to determine your rates. If it sounds like guaranteed car financing may be the route for you based on your current situation and lifestyle in Norman, continue reading below for more information regarding this option.

How To Qualify for Guaranteed Car Financing

The first step in financing your vehicle is to apply for financing ahead of time online. If you’re interested in applying for car financing without a credit score, you will need to prepare the following things:

  • Income of around $1,500 to $2,000 a month before taxes
  • Proof of income
  • A down payment, typically 10% of the vehicle’s price
  • A personal list of references

Other Poor Credit or No Credit Financing Options

Another option for Oklahoma City drivers with poor credit is to finance your vehicle with a co-signer. In this case, a family member or a trustworthy friend with good credit can sign onto the loan with you as a way for you to “borrow” their credit score. Make sure your co-signer is aware of the associated risk with signing their name over. If you opt for a co-signer, both of your credit scores and finances are on the line.

No-credit loans
No-credit loans are another financing option. A bank, credit union, or the dealership finance team may work with lenders who would consider a no-credit loan. The risk here is that the interest on these loans can be quite high. If this sounds like it may be more of a burden in the long-term, rely on a finance expert to help you decide whether or not a no-credit loan is the best option for you.

Talk to the Finance Experts at AutoMax Hyundai Norman

If your most recent credit report is less-than-stellar or nonexistent, guaranteed financing may be the way to go. Remember, guaranteed financing means detouring a credit check by determining what you qualify for based on income only. Bad credit is a non-issue in this case and your dream car is still a possibility. If you are ready to begin the financing conversation with an expert, our finance team is standing by to help. Moore drivers interested in more car-buying tips can contact us or stop by our Norman location.

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AutoMax Hyundai Norman

551 N. Interstate Dr. Norman, OK

Phone: (888) 974-8847



Phone: (405) 364-2000

551 N. Interstate Dr. Norman, OK


Phone: (888) 974-8805

551 N. Interstate Dr. Norman, OK
35.2248889 -97.4844599
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AutoMax Hyundai Norman
AutoMax Hyundai Norman
551 N. Interstate Dr.
Norman, OK, 73069 United States
(888) 974-8847
AutoMax Hyundai Norman 35.2248889, -97.4844599.