Auto Finance in Washington
Quite frequently now we've been seeing this same question in our customer service queue and on Yahoo Answers, "How can I get a car loan without a co buyer?" We're assuming that most of the people asking about this have bad credit, if they didn't, why would they need a co buyer in the first place. So now the question becomes:
How do I get a car loan with bad credit and no co buyer?
The only lenders who offer car loans with no co buyer are indirect lenders and car lots with in house finance programs.
Indirect Car Finance Lenders
Indirect lenders only finance cars through hand picked auto dealer partners. If you qualify for an indirect lending program, our service will locate a local car lot with access to the appropriate lender for you.
In House Car Finance Lots
Another car loan source for people with bad credit and no co buyer are car dealerships who offer second chance loans. If you don't qualify for an indirect lending program, but do qualify for an in house car finance program our service will locate a local independent car lot that's able to extend a line of credit so you can buy a car on their lot.
Does everyone with bad credit and no co buyer that applies with us get approved for a line of credit to buy a car?
Yes, as long as we have a car dealer partner in your area that has accepted the application; we have over 650 participating car lots in the United States and Canada.
Is everyone that applies with us who has bad credit and no co buyer able to buy a car?
No; if you don't have a co buyer and have bad credit most the approvals will be for less than the full retail price of the car, which will include sales tax and registration fees. In other words, if you have bad credit and no co buyer you'll need money down to buy a car. If you have a used car you can trade it in, and it can also be used as down payment.
Sign and drive or signature car loans are generally reserved for people who have an excellent history of paying creditors as agreed. The only exception to this rule would be if you were to buy a cheap new car with a cash rebate that could be used to meet the lenders money down requirement.
Numerous other online services make false claims that their capable of helping people attain bad credit car loans with no money down. They cannot. Aside from buying a brand new car with a cash rebate, there aren't any lenders or car lots anywhere that will lend money to people with bad credit, no co buyer, and no money down.
For more information on auto loans in Washington, click here.
About the Author
Hi! My name is Jillian. I work for ACE Auto Credit Express. Check us out! We're all pretty cool here 
