You didn't get fucked with 19% apr because you had no credit history. You got fucked with 19% APR because either the parameters of the loan were really bad or there were some other circumstances. Income less existing obligations vs payment size account for the lion's share of interest rate on an auto loan or just about any other consumer loan.
Credit history is massively over-sold as being impactful by the kind of idiots who live payment to payment.
I agree. My first use of credit was a car loan when I graduated. I had the offer letter to show income (I had not started yet) and some up front sign on / relocation money for the down payment.
No, I got 19% APR because I had no credit history. I know this because there is a big detailed letter full of reasons for your offered rate that you receive when you take out a loan.
The fact that you don’t know this suggests you probably don’t know a lot about how loans work.
I got a car loan at a 8% rate right out of undergrad… you got hosed, maybe you were in a hyperinflationary environment though.
I bet they sent you a letter telling you it was your lack of credit history. You didn’t find one of the many credit providers and have them fight to give you the best rate?
Credit is an extremely elementary thing to grok in a day or so
Credit history is massively over-sold as being impactful by the kind of idiots who live payment to payment.