Want to buy a new car, but worried about your credit?

We see it all the time. Young people in particular feel like they can't afford to buy new cars in Billings because they haven't built up enough credit yet.

But we're here to tell you: it is possible to buy a new car with low or no credit. Here's how!

How to Buy Billings Cars for Sale with Low Credit

Yes, your credit score is an important factor in securing you an auto loan in Billings.

But it's not the only one.

There are several other considerations that lenders take into account when approving you for a car loan — and they have nothing to do with your credit score.

7 Factors that Determine Your Auto Loan in Billings MT

1. Credit score: Your credit history indicates your financial responsibility (and potential risk). Learn the five factors that affect your credit score here.
2. Income: If lenders can see that you're getting a good paycheck, they'll be more willing to work with you.
3. Employment: A stable job shows a stable income. Here's what Billings car dealers like us mean when we say "your job is your credit."
4. Debt-to-income (DTI) ratio: Most lenders prefer your DTI to be 50% or less. But don't worry — having some debt shows lenders that you are, in fact, capable of paying loans back, so they won't ding you just for having debt.
5. Down payment: By making a down payment, you prove you've got some assets, which is a good sign to lenders. And the less they have to loan, the less risk you pose. (You'll also typically enjoy a lower interest rate and shorter loan term with a decent down payment!)
6. Age of vehicle: Contrary to what you might think, loans for new cars for sale in Billings actually tend to have lower interest rates than used cars.
7. Length of loan: The shorter the loan term, the faster the lender will get their money back (and the friendlier your terms will be!).

Special Offers on New Cars for Sale Billings MT

You don't have to be rich to buy new cars for sale in Billings MT.

In fact, if you've got $5 a day, you could be driving a brand-new Nissan — no matter what your credit is like!

Now through November 30, you can take advantage of these awesome lease offers on new Nissan cars and SUVs:

• Lease a new 2016 Nissan Sentra SV for $149 a month* (under $5 a day)
• Lease a new 2016 Nissan Altima 2.5 S for $189 a month** (under $7 a day)
• Lease a new 2016 Nissan Rogue with AWD for $189 a month*** (under $7 a day)

First-Time Buyer Program at Denny Menholt Billings Nissan

Need a little help buying your first car?

We've got the answer with our exclusive First-Time Buyer Program at Denny Menholt Billings Nissan.

This program makes it super easy to qualify for Billings car loans. All you need to do is prove six months at your job and six months at your residence, and you could be approved!

Recently graduated (or about to)? Check out our four car-buying tips for graduates who are still building up credit.

To learn more about our First-Time Buyer Program, contact our finance department, or jump right to our online application!

*36-month, 36,000-mile lease. $2,399 due at signing. Model #12216. VIN #3N1AB7AP7GL674648. Two or more available at this price. MSRP $19,755. Includes factory rebates. No security deposit required. With qualified credit. Subject to vehicle insurance and availability. Expires 10/31/16.

**36-month, 36,000-mile lease. $2,899 due at signing. Model #13116. VIN #1N4AL3AP2HN389798. Two or more available at this price. MSRP $24,475. Includes factory rebates. No security deposit required. With qualified credit. Subject to vehicle insurance and availability. Expires 10/31/16.

***36-month, 36,000-mile lease. $3,499 due at signing. Model #22216. VIN #KNMAT2MV3GP702909. Two or more available at this price. MSRP $25,910. Includes factory rebates. No security deposit required. With qualified credit. Subject to vehicle insurance and availability. Expires 10/31/16.