Getting a car loans without cosigner is easy for people with good credit. However getting qualified for bad credit car loan is also not a difficult task. One doesn't need to be disheartened if the loan is disapproved once. This can be because of a common mistake made by the borrowers. The borrowers limit themselves to contacting only the major loan lenders. Major lenders are very inflexible in their terms and conditions. They would not accept any borrower with a bad credit score. To obtain a loan from major lending institutes, and with bad credit history, a cosigner becomes mandatory.

For people with bad credit and no cosigner, getting an auto loan is 100% possible now. To avail the loan, it is advisable to avoid availing loans from major lenders. Instead one can look up private lenders. Getting a loan financed through a dealer is an appropriate solution for borrowers having bad credit, as no "down payment" has to be made. However loans financed from a private lender is also a smart move for people with bad credit. Definitely private lenders provide auto loan with no cosigner at higher rates of interest. This may be a problem to a few of the borrowers.

Availing a loan for a person with no credit, and without a cosigner is still more difficult. People with no credit can apply for a new or used car loan. Before applying for the loan, obtaining a credit card or a department store card is recommended. Getting one's first credit card is not always so easy. To solve this problem, one can apply for a secured credit card. Ensure that the credit card issuing company does not disclose that the account is secured. This will boost the lenders confidence in providing the customer no cosigner car loan.