| Are you sick of public transportation? Perhaps you | | | | What about interest rates? What can one expect |
| are tired of having to walk to class in wet, cold | | | | with poor credit? What kind of rates are associated |
| weather? Maybe you need a car to get to and from | | | | with no credit car loans? |
| a new job that you just started. If you are a | | | | The interest rates related with bad credit student |
| student seeking an easier means of getting around, | | | | financing will tend to be a little bit higher than interest |
| there is answer! You can apply for a student car loan, | | | | associated with no credit student loans. No credit |
| even if you have no credit or bad credit! | | | | loans with be slightly higher than interest rates for |
| Student car loans have two major advantages! | | | | student with good credit. However, no matter what |
| 1) Buying a car will help eliminate all of your | | | | your credit is, if you make your payments in full and |
| no-transportation headaches! | | | | on time, in about one year you can apply for auto |
| 2) Utilizing a car loan to purchase a new car will help | | | | refinancing and achieve a lower interest rate for your |
| build your no credit or bad credit history into a | | | | car loan. |
| positive one. Every monthly payment you make for | | | | Do students need a co-signer when applying for |
| your car loan will be reported to every major credit | | | | college student auto loans? |
| reporting agency. | | | | Typically, auto finance companies will not require a |
| I have no credit. How am I going to get approved | | | | co-signer for loans up to $25,000. If you are a |
| for an auto loan? | | | | student, there is no need to have a car loan for an |
| With most car loan companies, being young and | | | | automobile that costs more than $25,000. |
| having no credit is not a factor when it comes to | | | | What about buying? Do I need to buy from a dealer? |
| granting approvals. How come? Because a car loan is | | | | Can I buy from a private seller?There are only a few |
| a secured type of loan. The lenders are protected by | | | | auto loan companies that offer the flexibility of being |
| the fact that if your loan goes into default, they get | | | | able to purchase from anyone you want. Most |
| your car. | | | | finance companies work directly with dealers, often |
| What about bad credit? How do students get | | | | only with franchised dealers. However, dealers will |
| approved for a car loan with poor credit? | | | | work with you to find any make or model of new or |
| Same thing as getting approved for financing with no | | | | used car that you are looking for. |
| credit! Students with bad credit should not have a | | | | Getting a student car loan is not a hard thing to do. |
| problem getting a car loan with bad credit because | | | | In fact, as outlined above, it is pretty simple! Just |
| the lenders are protected; you don't pay, you lose | | | | make sure you make your car loan payments in full |
| the car! | | | | and on time, every month! |