Services
PriceProtect™
DriveShield™
GarageGuard™
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Home Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Recent Studies
Comprehensive Data Reports
Reviews
About
FAQ
MenuIcon
BACK

What options do I have if my parents won't cosign for a car loan?

I currently have a 2007 Lexus. It was once a good car, but now it's in the shop every month. Repairing the car is starting to cost more than buying another vehicle. Unfortunately, my parents won't cosign for a loan. What other options do I have?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“The answer lies in a number of factors. Do you have a credit history? If not, your chances of getting a loan are slim to none.
If you want to attempt to get a car loan sometime in the near future, get some credit going by taking out a credit card and paying it off monthly.
Your other option is to save up and pay straight cash for a used car. If you need a car right now, this might be your best option.
And don’t forget about
car insurance
. Since you’re a bit younger, car insurance is going to be relatively expensive, so you need to factor that into your budget. Shop for
car insurance quotes online
 to find the best rates.”
Car Loans
View full answer 
Jerry user testimonial avatar
rating primary
“My experience with Jerry has been absolutely incredible. It took my car insurance from about $400/month to about $80. The entire experience is seamless.” - Gregory R.
Lower my car insurance too
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Find insurance savings

You Might Also Be Interested

card cover

A Guide to Car Loans for Young Drivers

Young drivers face unique challenges when getting a car loan but can improve their chances with good credit, a cosigner, and opting for a smaller lender.
avatar
Sarah Gray
card cover

A Guide to Car Loans for First-Time Buyers

Don't let inexperience force you into a bad car loan – arm yourself with knowledge and negotiate the best deal with these tips for first-time buyers.
avatar
Drew Waterstreet
card cover

Can I Get a Car Loan at 18 Years Old?

It is possible for 18-year-olds to get car loans, but they may face challenges due to their limited credit history.
avatar
Bonnie Stinson

Read Advice From Car Experts At Jerry

card cover

When Does Car Insurance Go Down?

Car insurance rates typically go down with age, a clean driving record, or by switching insurance companies.
avatar
Jaya Anandjit
card cover

Does Metromile Have Good Car Insurance Discounts?

With Metromile, you could get a car insurance discount for safe driving, good vehicle safety features, or even for enrolling in paperless billing.
avatar
Liz Jenson
card cover

Saturn Vue XE V6

Before its discontinuation, the Saturn Vue XE came standard with a V6 engine on all AWD models.
avatar
Cameron Thiessen

What Others Are Asking

Where is Kurt Cobain's Jaguar now?
I’ve been doing a deep dive in Kurt Cobain’s music career and heard that he owned a Jaguar. What happened to it?
avatar
Macy Fouse
What is the MAPFRE smart driver discount?
I currently have my insurance with MAPFRE and it’s been reasonably priced so far. However, I always want to save money, so I’m searching for more discounts. Could you explain the MAPFRE smart driver discount?
avatar
Eric Schad
What is the Ford F-250’s top speed?
I’m looking for a new heavy-duty pickup truck for work, but I also want to have a little fun with it in my off time. What is the Ford F-250’s top speed?
avatar
Mariza Morin
Browse All Questions

Browse More Content

Car Repair Resources

Insurance for Your Car

Insurance in Your State

    Insurance In Your City

    Easiest way to compare and buy car insurance

    √
    No long forms
    √
    No spam or unwanted phone calls
    √
    Quotes from top insurance companies
    Find insurance savings
    Car Insurance by Make
    Audi
    BMW
    Dodge
    Ford
    GMC
    Honda
    Hyundai
    Jeep
    Kia
    Lexus
    Mercedes-Benz
    Mitsubishi
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Model
    Chevrolet Silverado
    Chevrolet Malibu
    Ford Escape
    GMC Sierra
    Honda Accord
    Honda Civic
    Hyundai Tucson
    Jeep Cherokee
    Jeep Wrangler
    Kia Forte
    Mazda 3
    Nissan Altima
    Subaru Outback
    Subaru Crosstrek
    Toyota Camry
    Toyota Corolla
    Toyota Tacoma
    Toyota Highlander
    Toyota Rav4
    Volkswagen Jetta
    View all
    Car Insurance by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Insurance by City
    Austin, TX
    Boston, MA
    Charlotte, NC
    Chicago, IL
    Columbus, OH
    Dallas, TX
    Denver, CO
    Houston, TX
    Indianapolis, IN
    Jacksonville, FL
    Las Vegas, NV
    Los Angeles, CA
    Nashville, TN
    New York, NY
    Philadelphia, PA
    Phoenix, AZ
    Portland, OR
    San Antonio, TX
    San Francisco, CA
    Seattle, WA
    View all
    Car Loan by Make
    Audi
    BMW
    Chevrolet
    Ford
    GMC
    Honda
    Hyundai
    Kia
    Lexus
    Nissan
    Mercedes-Benz
    Subaru
    Tesla
    Toyota
    View all
    Car Insurance by Company
    AAA
    Allstate
    Aspire Advantage
    Assurance America
    Bristol West
    Commonwealth
    Dairyland
    Encompass
    Infinity
    Kemper
    Mapfre
    Mercury
    National General
    Nationwide
    Plymouth Rock
    Progressive
    Safeco
    State Auto
    Travelers
    Car Loan by State
    AL
    AZ
    AR
    CA
    CO
    CT
    DE
    FL
    GA
    ID
    IL
    IN
    IA
    KS
    KY
    LA
    ME
    MD
    MA
    MI
    MN
    MS
    MO
    MT
    NE
    NV
    NH
    NJ
    NM
    NY
    NC
    ND
    OH
    OK
    OR
    PA
    RI
    SC
    SD
    TN
    TX
    UT
    VT
    VA
    WA
    WV
    WI
    WY
    Car Repair by Service
    AC Compressor Replacement Cost
    Battery Replacement Cost
    Fuel Injector Replacement Cost
    Fuel Pump Replacement Cost
    Ignition Coil Replacement Cost
    Oil Change Cost
    Oil Pan Replacement Cost
    Power Steering Fluid Service Cost
    Rotate Tires Cost
    Spark Plugs Replacement Cost
    Timing Belt Replacement Cost
    Valve Cover Gasket Replacement Cost
    Water Pump Replacement Cost
    Wheel Bearings Replacement Cost
    View all