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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