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For people with bad credit, no credit, or poor credit history, getting a car loan can seem like it is outside the realm of possibility. However, that is not always the case. You can buy a car with bad credit without using a cosigner, and this article explains how. 

What Credit Score Do You Need To Get A Car Without A Cosigner?

Most financial institutions require a credit score of 650 or above in order to qualify for a good car loan. If your credit score falls below this score, many times they will require a cosigner for the loan. This consigner is the person who is responsible for the loan payment if you fail to pay them. However, for people who don’t have someone who can be a cosigner, this can come as bad news, but all hope is not lost. 

What Can I Do If I Have Bad Credit And No Cosigner?

For individuals who have bad credit and no cosigner, there are a few options available. You can put a larger downpayment on the vehicle so you don’t have to finance as much; purchase the vehicle in cash; wait until you can increase your credit score; choose a less expensive vehicle, or find a dealership that offers in-house loans. 

In-House Loans

In some cases, you might need a car as quickly as possible, you don’t have time to wait and increase your credit score, you don’t have the finances to pay more for a vehicle, and you don’t have a cosigner. In these cases, it might be time to look at an in-house loan. An in-house loan is a loan provided to you by the dealership itself. These loans are ideal for people in situations where they seem to have run out of options. 

Car-N-Credit—Get a Car with no Cosigner

At Car-N-Credit, we believe that your credit score shouldn’t determine if you can get a car or not. That is why we offer in-house loans to people with no credit, bad credit, or poor credit history. If you have bad credit and are looking for a car loan in the Piqua, Ohio area, Car-N-Credit, is the resource for you! We offer a variety of loan options to customers located within 60 miles of our dealership; our friendly staff is always available and ready to help you get into a car that works for your needs and budget, and our wide selection of vehicles makes it possible for you to find a car that works for you. Come on down to our dealership in Piqua, Ohio and browse our inventory, or call us today at (937) 773-0895 for a bad credit car loan!