Financing a car?

Question

I am trying to finance a car, but the dealership is saying I need a cosigner. I am 20 years old, a first time buyer, 717 credit and good income. I can't seem to find a someone to help me out, what are my other options?

btw, I am trying to lease.

Answer 1

Try financing thru someone other than the dealership. Try going to a few banks and applying for an auto loan. If your credit is decent, you should be able to find a bank willing to give you a nice loan and then you do not have to deal with the dealership and some of their shady practices.

Answer 2

If you have a good credit score and verifiable income, then you don't need a cosigner. If the dealership requires you to get a cosigner, then you have a few options.
1. Tell the dealership that you will not be getting a cosigner and if they want your business they will change their requirement.
2. Buy a car from a different dealer who doesn't have that same requirement.
3. Go to your own financing source (bank, credit union, financing company) and secure a loan on your own.

Answer 3

I agree with the posters before me. Try getting a loan from some other source. The dealerships will toy with you and tell you that if they do change it so that you don't need a cosigner, you will have to pay more. Just keep at it if you choose this route and don't back down.

-MunkiPhD
Autotropolis.com

Answer 4

in case you're in large Britain, specific, it particularly is!! If the motor vehicle is on finance, it particularly is totally owned by potential of the finance enterprise, till the debt is easily paid off. for this reason, it won't be able to be legally offered till the finance is cleared. The regulation could be distinctive in the united statesA., yet it particularly is Y!A U.ok. and eire, after all...

Answer 5

Pay cash. Buy a used car. Check with your bank or a Credit Union to see if they will do the financing.