Auto loans aren't impossible to achieve, if your parents are ready to co-sign on financing. A cross-collateralized loan is a means for a borrower to make funds for projects or business ventures which may not be possible using a normal banking organization. Title loans provide advantages to borrowers who have poor credit ratings or have not had time to establish a lot of credit score history. In addition, you need to buy a lender's title insurance policy policy policy with the lender as beneficiary. The lending company may want to push your vehicle to make certain it's in sound condition and will probably photograph it. If you can locate a lender prepared to fund the vehicle, it will probably request that you take complete coverage auto insurance, according to CarInsurance.