how do i get a car loan without a cosigner if i just turned 18?

Answer 1

Uh oh, sorry but I sense a new young consumer eager to get into debt problems. You have to answer that question yourself, but think about it. Are you dreaming of a car that is beyond your means?
At 18 the most important thing is to build credit and protect yourself from big mistakes.
1. Co sigining with anyone, even if they have better credit.
2. Doing business with small shady lenders. A relative took a car loan for a $4000 car, paid $5000, then the car's frame broke 8 months later. Then he was late and the rate went to 29%, then they would "lose" his payment every month and charge all sorts of creative fees. Nightmare.
3. Stuff like 5 year gym memberships.
4. Auto debits for magazines, clubs, etc.
Save your money and pay cash. Trust me.

Answer 2

1

Answer 3

My daughter just did this. When we were at the dealership they tried saying she would need a cosigner and I just told them NO She had a good paying job and new but good credit. She did put down a little downpayment and had a student credit card. My Ex husband is a GM at a chevy dealership so he had told us what to do. Most Finance managers have a working relationship with there lenders and can get loans bought with more ease.

Answer 4

You will have to seem at getting a mortgage from household or peers considering the fact that no trader, financial institution or credit score union goes to be concerned with creating a small $3000 automobile mortgage, even supposing you had well credit score or co-signers. Why no longer wait slightly longer and keep the moeny to pay coins?

Answer 5

It will be tough but you could go to a mom and pop dealership that holds their own paper. Meaning, they lend their own money. The interest rate will be higher, but you will get the car.
Work on building credit prior to buying a car. Having good credit standing for six months may let you get approved.

Answer 6

All types of loans are available for students,employees and retired persons.Worldwide banks are ready to provide the loans for all.See the website below and apply your required throe on line.

Answer 7

well, there's really no other option. becaus you don't have any credit at all to get a loan for yourself. It sucks, but someone has to pay for you if you can't pay it!

Answer 8

joe may be another credit line. I found interesting information about your answer & options here. http://all-debt-consolidation-loan.blogspot.com/2007/08/line-of-credit.html Good luck!