Quick Answer: Can You Buy A Car At 18 Without A Cosigner?

Quick Answer: Can You Buy A Car At 18 Without A Cosigner?

Buying a Car without a Cosigner.

If you have no credit and need to finance a car purchase, having a cosigner can help you get approved for the loan.

“Is it possible for an 18 year old with a job but no credit history to get an auto loan with the cosigning parent having poor credit?”

How can I buy a car without a cosigner?

But if you want to get a car loan with no cosigner, here are a few ways you can try to get approved without one: Work with a Special Finance Dealership – Most lenders, like big-time banks and credit unions, automatically turn down borrowers with bad credit, so getting approved without a cosigner is even less likely.

How can I get a loan at 18 without a cosigner?

Tips for getting a loan at 18

  • Show that you have savings. If you can show the lender you’re good at saving, the lender may be more willing to approve you.
  • Offer a deposit.
  • Get a letter from your employer.
  • Apply for a lower amount.
  • Apply for a secured loan.

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