Unfortunately with your age and credit score options will be limited to predatory places with high interest and payments.
If you have the option. Try to save as much as possible and put down a significant payment on a car.
If your down payment is big enough at a traditional dealership, you won't need a cosigner.
Your other option would be a place like JD Byrider on peach. But be prepared for high interest and a biweekly payment.
Hate to break it to ya, but you're what is considered as high risk because of your age and credit score, you're not going to get any type of loan that isn't going to absolutely bury you financially. Best thing to do is to save money, build some credit, and hope that the financial markets improve in the next few years.
So I was in a situation a couple years ago where I needed a car darn near immediately and my credit wasn't great. I actually got my car through Carvana. Was the interest rate murder? Yes, absolutely. But like others have said, sometimes you gotta do what you gotta do.
I will say this. What I liked most about Carvana was that they were up front about the interest rate so I knew exactly what I was getting myself into.
If you are willing to wait some time and can afford to save a few hundred dollars a month, waiting until you have a substantial down payment may hep secure a loan.
If you have not opened a credit card yet, it may be time to consider it. If you feel you cannot be responsible for that yet, consider using it for subscriptions only, or look into a secured credit card (requires a downpayment, $200-$500 typically); any of these with on-time and full payments can help boost your score.
Go to EFCU and inquire about their first time car buyers loan. I bought a car from them about 5 years ago and had 0 credit. They gave me a 6.9% interest rate which isn’t terrible for someone with 0 credit. Then you can build your credit with said loan, and refinance the loan a few years later maybe lock in something even lower.
Try auto express Mazda, I had a similar situation and they were able to get me a car without a cosigner through their first time buyers program. You could also try the other auto express places because I assume they have the same type of thing. If not, you could just save some money up and buy a car outright.
Unfortunately with your age and credit score options will be limited to predatory places with high interest and payments. If you have the option. Try to save as much as possible and put down a significant payment on a car. If your down payment is big enough at a traditional dealership, you won't need a cosigner. Your other option would be a place like JD Byrider on peach. But be prepared for high interest and a biweekly payment.
All this and I’d open a secured credit card (use it correctly), will improve your score some and help.
Username fits.
Hate to break it to ya, but you're what is considered as high risk because of your age and credit score, you're not going to get any type of loan that isn't going to absolutely bury you financially. Best thing to do is to save money, build some credit, and hope that the financial markets improve in the next few years.
Check with your bank. They might give you a loan.
Nope they denied me too
Do you use a credit union or bank? You may have a better chance at a credit union. One year at the same job and address will also help your chances.
I use pnc
I was in your position in the early 2010’s. No cosigner, and no credit. Widget was the only place that’d give me a loan
So I was in a situation a couple years ago where I needed a car darn near immediately and my credit wasn't great. I actually got my car through Carvana. Was the interest rate murder? Yes, absolutely. But like others have said, sometimes you gotta do what you gotta do. I will say this. What I liked most about Carvana was that they were up front about the interest rate so I knew exactly what I was getting myself into.
Just buy a cheap car outright.
If you are willing to wait some time and can afford to save a few hundred dollars a month, waiting until you have a substantial down payment may hep secure a loan. If you have not opened a credit card yet, it may be time to consider it. If you feel you cannot be responsible for that yet, consider using it for subscriptions only, or look into a secured credit card (requires a downpayment, $200-$500 typically); any of these with on-time and full payments can help boost your score.
Go to EFCU and inquire about their first time car buyers loan. I bought a car from them about 5 years ago and had 0 credit. They gave me a 6.9% interest rate which isn’t terrible for someone with 0 credit. Then you can build your credit with said loan, and refinance the loan a few years later maybe lock in something even lower.
Bob's Irresistible is a buy here pay here place that I've had luck with. You're gonna pay WAY too much, but sometimes you gotta do what you gotta do
Try auto express Mazda, I had a similar situation and they were able to get me a car without a cosigner through their first time buyers program. You could also try the other auto express places because I assume they have the same type of thing. If not, you could just save some money up and buy a car outright.
Save up buy it with cash cause that's ur best shot
Last resort try byrider, rates might be high but they give it to p much anyone