If the car has some value and you’re its formal owner, you could possibly put it to use as security in return for better loan conditions. Much like any asset, the lender may be much more willing to waive a credit check because you’re delivering loan protection.

But, you must once again be fully aware of the potential danger before you offer your vehicle as collateral. If you default while you may be more eligible for a better no credit check loan, your lender will own the vehicle’s title until you complete your payments and will have the right to sell it.