If I apply for a Bank of America Auto Loan and apply for the exact amount the car is with out putting a down payment. Will i get approved? or do i have to put a down payment? I have no credit so i would have a cosigner.
Thanks
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Your co-signer will have to have immaculate credit.
With a higher salary and at least 10 years of credit history.
A steady professional job with at least 4 years at the same location.
Having other loans such as a mortgage and being married will also help.
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Even with a sterling co-signer you will most likely need at least 20% down.
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool – carquotes.sinfree.net