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No credit yet? Everyone starts somewhere.

A first car with no credit history can be hard to finance, and that says nothing about you. A finance specialist at Morrey Nissan of Coquitlam will walk you through it, one plain step at a time.

Apply now How it works for you
  • Free, no obligation
  • A real person reviews every file

What we look at

No history isn’t bad history.

Having no credit means lenders have little to go on, not that anything went wrong. They look at what you can show them: your income, your job, how long you’ve been there and your budget. We help you put that picture together.

  • Your income and your jobSteady work helps lenders see what you can comfortably afford. Bring what you have.
  • A first loan, explainedIf you’ve never borrowed before, we explain how a car loan works before you sign.
  • A down payment or trade-inNot always needed. If you have one, it can lower your payment and open up more options.

How it works for you

Three steps, with a person beside you for each one.

  1. 01

    Tell us about you

    A short, private form about your work, your income and what you need, with no commitment.

  2. 02

    A real person works your file

    A finance specialist reviews it, then calls or texts. Questions about how car loans work are welcome.

  3. 03

    Choose with a clear plan

    You see the payment, the term and the total cost in plain words before you sign anything.

What to bring

What lenders usually ask for.

Lenders usually ask for the items below. Don’t have everything yet? Apply anyway. Your specialist will tell you what is missing and help you gather it.

Lenders will also need your Social Insurance Number (SIN) before they can approve a loan.

  • Photo IDA driver’s licence or other government-issued photo ID.
  • Proof of incomeRecent pay stubs, or another document that shows what you earn.
  • Proof of addressA utility bill, bank statement or lease with your name on it.
  • Work detailsYour employer’s name and how long you have worked there.
  • ReferencesNames and contact details for people who know you.

Questions

Straight answers about having no credit.

Can I get a car loan with no credit history?

It can be possible. When there is no history to review, lenders look at things like your income, your job and your budget. We’ll tell you what applies to you.

Why don’t I have a credit score?

A score is built from borrowing history, such as loans or credit cards. If you haven’t borrowed before, there may be little to score. That is common for first-time buyers and doesn’t mean anything is wrong.

Do I need a co-signer?

It depends on your situation and the lender. Your specialist will tell you whether one would help, and what your options look like with and without.

Do I need a down payment?

Not always. It depends on your situation and the lender. A down payment or a trade-in can lower your payment and open up more options, and we’ll show you both ways.

Will applying affect my credit?

The form is free and doesn’t commit you to buy anything. When you submit it, you’re giving permission for a credit check so lenders can review your application. If you have questions about that, ask us first.

Who will I be dealing with?

Windy, Maryam or Mike on the finance team at Morrey Nissan of Coquitlam, on Lougheed Highway in Port Coquitlam. Mr. Auto Finance is part of Morrey Auto Group, a family-owned group serving the Lower Mainland.

Let’s look at your options together.

Free to apply. No obligation. A real person gets back to you.

Apply now

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Here are the other ways we can help.

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