Credit Card Center Advertiser Disclosure

Reply
New Visitor
Posts: 1
Registered: ‎06-24-2007
0

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

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?
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
0

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

[ Edited ]
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
Moderator Emeritus
Posts: 16,382
Registered: ‎03-12-2007
0

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



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
Credit Profile:
FICO 9: EQ 833 ~ EX 828 ~ TU 824 (07-12-2017)
FICO 8: EQ 830 ~ EX 819 ~ TU 828 (07-12-2017)
FICO 8 Bankcard: EQ 851 ~ EX 849 ~ TU 851 (07-12-2017)
Credit History: 29 years ~ AAoA: 14 years
Total available revolving credit: 157K ~ Cumulative Util: 3% (1 CC reporting a balance)
Inqs: 1 EX (new)
14 Total Accounts on Reports: 9 open, 5 closed. 1 newly opened installment account

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.