This was the situation 22-year-old Leo found himself in: a new job 15 miles away, an empty driveway, and a credit score that didn't exist because he’d never owned a credit card. Without a cosigner to back him up, the "traditional" dealership experience felt like a dead end.
The interest rates are often sky-high (20%+), and they might install a GPS tracker to repo the car if you miss one payment. how to buy a car with no credit or cosigner
Since Leo didn't have a credit score, he used a "Paperwork Shield." When he finally found a lender, he brought: Six months of consecutive paystubs. Proof of Residency: Utility bills in his name. This was the situation 22-year-old Leo found himself