Are you sick of communal transportation? perhaps you are tired of having to walk to class in wet, cold weather? Maybe you need a car to get to and from a new job that you just started. If you are a student seeking an easier means of getting around, there is answer! You can apply for a student car loan, even if you have no prestige or bad credit!
Student car loans have two major advantages!
1) Buying a car will help eliminate all of your no-transportation headaches!
2) Utilizing a car loan to purchase a new car will help build your no prestige or bad prestige history into a positive one. Every monthly payment you make for your car loan will be reported to every major prestige reporting agency.
student Car Loans
I have no credit. How am I going to get approved for an auto loan?
With most car loan companies, being young and having no prestige is not a factor when it comes to granting approvals. How come? Because a car loan is a secured type of loan. The lenders are protected by the fact that if your loan goes into default, they get your car.
What about bad credit? How do students get approved for a car loan with poor credit?
Same thing as getting approved for financing with no credit! Students with bad prestige should not have a question getting a car loan with bad prestige because the lenders are protected; you don't pay, you lose the car!
What about interest rates? What can one expect with poor credit? What kind of rates are related with no prestige car loans?
The interest rates related with bad prestige student financing will tend to be a wee bit higher than interest related with no prestige student loans. No prestige loans with be slightly higher than interest rates for student with good credit. However, no matter what your prestige is, if you make your payments in full and on time, in about one year you can apply for auto refinancing and accomplish a lower interest rate for your car loan.
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