If you don’t have anyone to co-sign, you may think you are out of luck…A first time buyer program is for people that need a car loan but have limited or no credit.
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If you are a teenager and have just received your driver’s license or are about to get it, you may be wondering how old do you have to be to get a loan for a car? First of all, if you’ve never had an auto loan or have limited credit, you will be classified as a first time buyer.
If you have bad credit or no credit, you may have been asked to get someone else to sign on the loan with you. This other signer is often called a co-signer or co applicant. First, I should tell what the role of a co signer is.
