No credit car loan help?
I'm looking to buy a car through a private sale, (not from a dealership). I'm 19 with no credit and a low income. Though I have a cosigner with good income and alright credit. I wanted to get a loan from my bank for 5000. Will I be able to get one? Thanks..
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Answers & Comments
Only your bank can answer that question. You definitely will need a co-signer to get any loan. The bank will want to see a stable work history and sufficient income. You co-signer will need good credit, not just "alright" credit.
Does your co-signer make $200,000 a year?
Then, no problem.