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Auto loans for students

When you are in College or University it is hard to get a “normal auto loan” at a bank. Your income at this time is low and traditional banks like a more secure way to know that you will be able to pay of the loan.

You might get better luck at an online lender. Online auto loan companies have a lot of competition and because of it they are less strict with rules. Good places to start and compare the offers is at the following online loan companies:

- E-Loan
- Lowermybills.com
- MyAutoLoan.com
- PlanetLoan.com

If you live in the UK
- Loans.co.uk

If you compare them use the APR that they list and use it with the calculators we offer.

Co sign: If you can get your parents or someone to co-sign for the loan it is in most cases the best when you are still a student. The APR will be lower and this will save you a lot of money.

But you do have also an other great alternative: Credit Unions
If you are above 18 are a student and have an income you can apply for a Credit Union Auto Loan and the rates are very competitive. Most Credit Union Programs ask a little to No credit history (No FICO Score)

Getting that first new car is not always easy but do remember that you have to pay it back and only apply for a loan you know you will be able to afford because getting in debt over your head is what happen to many students and debt and money problems are the worst kind of problems you can get.