I want to get a car loan, but I don't know anyone who would be a good cosigner. How do I get a car loan without a cosigner if I have steady income and a decent credit score?
without a cosigner with decent income and credit, but you might have to deal with one major trade-off: settling for a higher interest rate.
The younger you are, the less credit history you have, and the less income you have, you can expect to pay a higher interest rate. So if a lender recommends you get a cosigner, it’s probably in your best interest to search for one.
Still, you don’t have to take their advice. In fact, there are other ways to negotiate more favorable loan terms without having a cosigner, including:
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