So you’re in the market for a used car. The first thing that pops into your head is, “I don’t have any credit.” Bust out those worries because with a little preparation and patience, anyone can get financed for the perfect used cars in tucson. We’ll break it down for you so you know where to start.
Doing Your Homework
Before making a purchase, conduct diligent research such as looking up reviews of the make and model online or visiting used car dealerships. It’s also a good idea to visit car shows and cruise to see what kinds of vehicles people are driving. You can also stop by a used car lot to discuss rates, type of vehicle, and financing options with the sales team.
What If I Don’t Have Credit?
If you have never owned a vehicle or have had financial challenges in the past, you may have limited or bad credit. You are still entitled to finance a vehicle if you are willing to put in some extra work on your end. This can be accomplished by either getting someone with good credit (or excellent credit) to co-sign for you or by submitting an application for financing through an online lending service such as Easy Auto Finance.
Easy Auto Finance offers an online service that streamlines the process of finding a car loan, even if you have a less than stellar credit rating or have no credit history at all. Their service is free to use and it can help connect you with countless lenders looking to do business with those in need. The best part is that it only takes a few minutes to sign up, so there’s no longer an excuse for not applying for car financing even if your credit score is below average.
Co-Signer Qualifications & Responsibilities
A co-signer is someone who agrees to assume responsibility for the bill of the vehicle loan as well as any payments that may be missed. To qualify for this role, the co-signer must be at least 18 years of age, have good credit (or excellent credit), and have a verifiable income.
If you have a co-signer that can help you get financed for your next vehicle purchase, then you are almost guaranteed to get approved for the loan. However, being approved does not mean that you are exempt from your responsibilities as the buyer of the used car. Your main responsibility is to make payments on time without fail. Your secondary responsibility is to inform your co-signer of any changes in your employment status or income so they may adjust their payments accordingly.