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Usually if you want a loan of your own, with no co-signer, then you need to have at least a 580 (on the extreme low side). Better is 620 to 650, best is 670 and above. Income also factors into the loan to though. As a former car salesperson I used to get so frustrated when someone would not look at vehicles that fit their income budgets. Lenders will only allow you to give maximum 25% of your gross pay towards a car loan. And you MUST earn at least $1500 (preferably $18,00) a month or you'll have to get a co-signer. The best route for a car loan is pre-approval. This puts you in the drivers seat when purchasing because you know exactly how much you can afford (and won't be tempted to try for a car that is too expensive for you), and what your payments and interest will be. It allows you to find the best car for your price, vs. just taking what the dealership says they can get you approved for. For more information on car loans, or negotiating for a car, visit my website and blog page from the bio section. Good luck to you1
What else can I help you with?
What do I need to cosign a car loan?
To cosign a car loan, you typically need a good credit score, stable income, and a willingness to take on responsibility for the loan if the primary borrower fails to make payments.
Can you get an easy bank loan for a new car?
Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.
How can I hire a cosigner for a car loan?
To hire a cosigner for a car loan, you need to find someone with good credit and income who is willing to guarantee the loan if you are unable to make payments. They will need to fill out an application with you and provide their financial information to the lender.
What are cosigner qualifications for a car loan?
You select a cosiger have good credit history is big qualification for car loan.
I need a car to get to get a job so I need a car loan and Im not sure about my credit.?
That's a statement, not a question. We can't answer whatever your question is. Go talk to a dealer; they're good at finding loans. They may not be great at finding loans at good rates for people with bad credit, though. If a dealer can't get you a loan, you probably can't get a loan.
Do you need good credit to qualify for collector car loans?
Yes you will. You will definitely need some good credit if you want to get a collector car loan. If you do not have good credit, you will not get the loan.
Does a cosigner on car loan have to be licensed?
No, they just need good credit.
How good does your credit need to be for a car loan?
Nothing is published on what credit score you must have to obtain a car loan. There is information about having a high score means getting a better rate on your car loan.
What do I need to cosign a car loan?
To cosign a car loan, you typically need a good credit score, stable income, and a willingness to take on responsibility for the loan if the primary borrower fails to make payments.
Where can one get a car auto loan- credit bad?
Title max at 411 West Broad Street is one place you may put up your car title for a loan. You do not need a good credit rating to obtain a loan here. All you need is an id and a clear car title to get this loan at Title max.
What are some quick ways to establish good credit?
Get a credit card, small loan, car loan... You need to get something that reports to the credit beauros. They will decide when you pay or dont pay to give you a score.
Can you get an easy bank loan for a new car?
Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.
Can you get a car loan with good credit but no credit history?
It's possible, yes.
How can I hire a cosigner for a car loan?
To hire a cosigner for a car loan, you need to find someone with good credit and income who is willing to guarantee the loan if you are unable to make payments. They will need to fill out an application with you and provide their financial information to the lender.
What are cosigner qualifications for a car loan?
You select a cosiger have good credit history is big qualification for car loan.
I need a car to get to get a job so I need a car loan and Im not sure about my credit.?
That's a statement, not a question. We can't answer whatever your question is. Go talk to a dealer; they're good at finding loans. They may not be great at finding loans at good rates for people with bad credit, though. If a dealer can't get you a loan, you probably can't get a loan.
Do you need a credit card in order to finance a car?
No, you do not need a credit card to finance a car. Auto financing typically involves a loan from a bank or financial institution, which is separate from a credit card. Your credit history and score will be important factors in securing a car loan, but a credit card is not required for this process.
