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Topic: How to buy a car without credit history?  (Read 1698 times)

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How to buy a car without credit history?
« on: September 08, 2010, 10:16:25 AM »
We moved from the US to the UK three weeks ago and the car that our company gave us is only for one month. Now we have to buy a car but the bank will not finance it for us because of the lack of credit history. We really do not know what we are going to do when the rental agreement is over. The relocation company did not mention anything about this prior to the move. Any suggestions?


Re: How to buy a car without credit history?
« Reply #1 on: September 08, 2010, 10:19:33 AM »
You're probably going to have to pay cash  :-\\\\


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Re: How to buy a car without credit history?
« Reply #2 on: September 08, 2010, 10:22:07 AM »
I think cash is your only option, I'm afraid.  :-\\\\

Advice on buying a vehicle:

http://www.direct.gov.uk/en/Motoring/BuyingAndSellingAVehicle/AdviceOnBuyingAndSellingAVehicle/DG_4022402


Re: How to buy a car without credit history?
« Reply #3 on: September 08, 2010, 10:25:49 AM »
Or... an idea would be to talk to your husbands company and see if they would front the loan for you and then he could pay for it by debiting his paycheck each month for the payment. Farfetched and probably wont work but might be worth a try if you do not have the cash.


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Re: How to buy a car without credit history?
« Reply #4 on: September 08, 2010, 04:38:08 PM »
I don't know if it would work for you but there is the car share system. You may want to check into that.


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Re: How to buy a car without credit history?
« Reply #5 on: September 08, 2010, 07:56:08 PM »
If you need a car for one offs if you are in a covered area, try:

http://www.citycarclub.co.uk

Otherwise, lots of people use public transport in urban areas.

There are threads about building credit ratings, as well.

Try:

http://talk.uk-yankee.com/index.php?topic=61537.0

This is the main car magazine to buy a used car from private individuals:

http://www.autotrader.co.uk/

HTH.


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Re: How to buy a car without credit history?
« Reply #6 on: September 09, 2010, 05:24:22 PM »
This site might help http://www.autoquake.com/


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Re: How to buy a car without credit history?
« Reply #7 on: September 09, 2010, 06:00:49 PM »
I had to stump up the cash. It wasn't fun.  But at least I didn't have to worry about car payments  :)
I've never gotten food on my underpants!
Work permit (2007) to British Citizen (2014)
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