In order to reduce the burden on the buyer the only negotiation that can be allowed is on the automobile financing rate and other costs that are included such as insurance, taxes, extended warranty etc. Subprime borrowers in search of no credit or bad credit auto loan financing need to be careful about a lot of things that a good credit rating borrower might not have had to worry about. The first point that needs to be checked is whether the auto loan lender specializes in offering auto loan for no credit borrowers and also offers a variety of guaranteed automobile financing options such as student car loans no credit, car loans after bankruptcy etc. Once it is confirmed that the specific lender deals with subprime borrowers than half the battle is won because the applicant and the lender both are aware of whom they are dealing with. 

Auto loan no credit lenders are aware that the person on the other end doesn’t have any credit history and so will have to be checked on other aspects like repayment capacity, income, employment record etc. Checking the employment history or income flow is fine for those applicants who had a credit score but had to come down to zero credit rating because of certain circumstances like a separation in which only one partner was responsible for all transactions, a transfer from one country to a foreign nation etc. However, students do not fall under that category since they never got the opportunity to build a credit score. In their case the subprime auto loan no credit lenders offered student car loans no credit at high rate of interest. 

However, students and other subprime borrowers could benefit from the automobile financing package when they were strong enough to negotiate the auto loan for no credit or bad credit deal with the lenders. This strength could be availed by placing collateral in lieu of the no credit or bad credit auto loan financing package or by finding a cosigner with really good credit score to cosign the auto loans with no credit or bad credit rating. If the applicant did not possess collateral or could not find a cosigner then the best option was to make a huge down payment on the auto loan. A huge down payment was always welcome by all types of lenders since it pointed towards the seriousness of the applicant with the deal.