General Credit Topics

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
cherriepie
New Visitor
cherriepie
Posts: 1
Registered: ‎06-24-2007

I'm 19 yrs old. Will I qualify for an auto loan without a cosigner?

Options

‎06-24-2007 06:30 PM

Hi I need to know if I'll qualify for an auto loan without a co-signer. The car I want is a used Toyota Camry approx. $15,000. I'm 19, my score is 720 and I make very good money but I have only been working for about 2 months at my current job. I'm completely on my own and do not have a co-signer. What are my chances of qualifying for a loan without a co-signer. Should I do it through the dealer. Will I have a good interest rate?
Message 1 of 3 (750 Views)
 
Reply
Moderator Emeritus
Timothy
Posts: 9,252
Registered: ‎03-19-2007

Re: I'm 19 yrs old. Will I qualify for an auto loan without a cosigner?

[ Edited ]
Options

‎06-24-2007 06:42 PM - edited ‎06-24-2007 08:51 PM

Get private fin from your bank or credit union.
 
Go in so you can just write the check.
 


Message Edited by Timothy on 06-24-2007 08:51 PM
Message 2 of 3 (746 Views)
 
Reply
Moderator Emeritus
fused
Posts: 16,158
Registered: ‎03-12-2007

Re: I'm 19 yrs old. Will I qualify for an auto loan without a cosigner?

Options

‎06-24-2007 08:34 PM


cherriepie wrote:
Hi I need to know if I'll qualify for an auto loan without a co-signer. The car I want is a used Toyota Camry approx. $15,000. I'm 19, my score is 720 and I make very good money but I have only been working for about 2 months at my current job. I'm completely on my own and do not have a co-signer. What are my chances of qualifying for a loan without a co-signer. Should I do it through the dealer. Will I have a good interest rate?
I agree with Timothy!  GL
Message 3 of 3 (722 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+