How to Avoid Needing a Co-Signer to Buy a New Car

Needing a new car can be a stressful experience. Your old car dies, you need new transportation, and you have to find a way to pay for it. This can be a stressful experience for anyone, especially if you have bad credit. Financing a car through a bank or a dealership will be next to impossible if your credit score is poor, and if you can’t secure a co-signer, you can almost forget about getting the new car that you need.

So how does one buy a car without the need of a co-signer? By deciding on the following options.

Buy a New Car

Pay Cash

It might take time for you to save up enough cash, but ultimately this is the best way to buy a new car without the need for a co-signer. You can buy the car you want out-right with few questions asked, and the dealer won’t even care to look at your credit score. After all, you are paying for the car with the total amount up front, and few if any car dealerships will turn their noses at the cash you have in your hand. So create a budget and save your money.

Buy Here Pay Here Dealerships

If you don’t have time to save your money, there is always the option of going to a buy here, pay here dealership. These dealerships provide people with poor credit the opportunity to purchase the car that they need without the need of a credit check or co-signer. Many base your worthiness to buy a new car on your income level, and if you are smart, you can use this method of purchasing a new car to also help build your credit.

However, if this is the right option for you, be careful. There are many buy here pay here dealerships that can take advantage of your poor credit situation.

Personal Loans

If the first two choices are not an option, you might want to consider using a personal loan service like They can offer people with either bad credit, or no credit, loans that do not require a co-signer at the time you purchase your new vehicle, and they can loan you up to x amount of cash for your purchase. Many loans start with a minimum of 4.5% interest.

Most personal loan offices provide people with bad credit a secure chance to rebuild their financial history, so this option might be right for you.

Make Your Decision Carefully

Finally, remember that purchasing a new vehicle for your needs is a big responsibility. If you have bad credit, the best thing for you to do is to face what got you there in the first place and start taking the necessary steps to address you credit score. Learn how to budget your money, pay off your unnecessary debts, and start saving cash. However, if you need to get in a car fast, places like can help.

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