It is an established fact that students face enormous difficulty trying to secure a car loan. This is because most students have never bought a car or house before. Many don’t even have a credit card and therefore no credit to show. And the two things lenders look for, right at the outset, are your credit score and your income.

Despair not. There are some ways, as suggested by lenders like My Bad Credit Auto Loan, that can help you secure no credit student car loans. The first recommendation from the company is to get a cosigner. The lender will evaluate your application for the car loan on the basis of the income and credit score of your cosigner. This will speed up the approval process for you. So, how to get a car with no credit? Remember that the cosigner is equally responsible for the repayment of the loan. So, if you don’t repay the loan, the lender will recover it from the cosigner. In the unfortunate instance, the loan is not repaid; the cosigner’s credit will suffer.

If this route does not appeal and you are looking for students car loans with no credit and no cosigner, you may want to check out the student programs that many automakers offer. You may be in for a cash rebate or find discounts that you can qualify for. Many automakers also have flexible credit guidelines especially for students and recent graduates that can mean you get no credit student car loans at the best rates.

Third, critically evaluate your need for no credit student car loans. Do you really need a car loan? With a student loan to repay, can you handle the added financial burden? Most students are without jobs and therefore, without any significant income. Apart from meeting the regular education expenses, there are also the daily sundry needs to be met. It may, therefore, become difficult to arrange money to manage regular expenditure along with repayment of the loan. Instead, it may make more sense to opt for a cheaper, used car that costs less and that can be paid off in cash.

While it is certainly not impossible to get no credit car loans for students, it is better to evaluate your needs according to your unique financial situation. Having a car of your own should be a matter of joy and not create unnecessary stress.