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Can you get loans with bad credit and no cosigner Do not qualify for federal loans from FASFA?
you may be able to get a loan through a car dealer ship, if this is what you need a loan for, however, a bank will NOT lend you the money, if you do not have a co-signer and bad credit.
How can I purchase a car from a car dealer with no credit history?
To purchase a car from a car dealer with no credit history, you can consider getting a co-signer with good credit, making a larger down payment, or exploring alternative financing options such as a credit union or dealership financing programs for buyers with no credit history.
Where can I find a bad credit car dealer near me?
You can find a bad credit car dealer near you by searching online, checking local classified ads, or asking for recommendations from friends or family members. These dealers specialize in helping individuals with poor credit obtain financing for a vehicle.
Can you get a car loan without a cosigner?
That depends on a variety of factors including: your age, credit score, job history, the down payment you plan to make, the car you want to buy and the dealer you buy the car from. Smaller and less reputable car dealers will often sell you a car with little or no money down and a bad credit rating but you'll probably have to pay by the week and they will come to your house and take back the car if you miss a payment. Unless you are 18, no contract is legal so no one will loan you the money for a car or anything else if you are under 18. If you are over 18, but have not held the same job for at least six months and have not established credit or have bad credit you will need a co-signer. Exceptions may be made for someone who has a substantial downpayment and wants a relatively inexpensive car. There are many variables, but these are the basic facts. Some place will work with you if you have bad, no or good credit. But if you have enough credit established most banks or places will let you go without a co-signer. All the factors mentioned above, are being computed and they have a grading system of those people who are eligible for the financing, with or without a cosigner.
If my credit is bad can I get a car loan with money down or a cosigner with bad credit?
You CAN get a decent car loan, even with bad credit. I've done it, but you'll have to look around. That's one of the BIG mistakes people make...just taking the first offer that's given to them when they go to the dealer. Be smarter than that. WARNING: DON'T GO TO BUY A CAR WITHOUT HAVING THE LOAN FIRST. The auto dealers will eat you alive and give you a crappy rate. Shop around with lenders who specialize in bad credit car loans. It's a better option, you don't have to take what they're offering if you don't want it, and it's better than dealing with the car dealer's people. There are usually some nationally based car loan companies who specialize in bad credit car loans.
What age must you be to buy a car from a dealership?
cash you can buy whenever.... on credit either have a cosigner or good credit Im 23 and cant buy one from a dealer cuz my credit blows:) age isn't the factor is what im sayin
Can you get loans with bad credit and no cosigner Do not qualify for federal loans from FASFA?
you may be able to get a loan through a car dealer ship, if this is what you need a loan for, however, a bank will NOT lend you the money, if you do not have a co-signer and bad credit.
If the cosigner for a car loan lives in a different state but cannot travel can the dealer travel to them to get the cosigner forms completed?
U.S.Mail or Fax and a Notary Public is all you need.
Do cosigners for vehicles need a license?
guess what, a cosigner is an owner under the eyes of the law and the dealer....
Can i trade my car in without the cosigner being there?
Yes, i am a dealer in sc, people do it all the time
If in the application process for a cosigned auto loan a bad debt appears which would cause the cosigner to change his mind on cosigning would it be legal for salesman to not share info with cosigner?
Yes its legal. You can not disclose anything regarding each of their credit reports to eachother. Actually if you have one person with bad credit and cant get approved, its not your job to tell them why. Its the banks. The bank as soon as they decline the application will send out an adverse action letter stating why they didn't. Its out of your hands. Also do not show credit reports, you could be violating your dealer agreement with the credit bureau.
Can you return a car to the dealer if they lied to you about being a cosigner and you are the co-owner?
No. You should have paid more attention to what you were signing.
If your car is repossessed by a 'buy here pay here' dealer does it affect your credit?
Only if the dealer reports it to the credit bureaus.
What if im 17 and have gradauted form high school already can i go out on my own and purchase a car?
If you are buying from a dealer, you need somebody 18+ to cosign for you.
If only one person has signed a contract and cosigner has not signed yet can you redo the contract so it's only under the cosigner's name so that you get a better APR?
Yes, you can rework the contract under only one name. Ask the dealer to rework the deal as long as the cosigner can qualify by themselves.
Does credit ckecks hurt your credit score when buying a car?
if you get more than one credit check in a given period of time it will reflect badly on your credit. you have the right to take your credit report with you once you authorize someone to pull your credit. then you can take that to another dealer if you are car shopping rather than having a bunch of people pull your credit. good luck!
Which is better dealer or private car loan?
Private. I suggest getting pre-approved at your bank / credit union, and see if the dealer can beat that rate, as some dealers will arrange financing with a local bank. Private party car loan you can say it in other words personal car loan or person to person car loan where individual can get car loan without cosigner help.
