Co-signing for a car: What you should know - Car buying tips

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If you are new to the credit bureau system or have never bought a car before you may have been told you need a co-signer. A co-signer is another person who also accepts full responsibility to pay back a loan
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22 окт 2024

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Комментарии : 17

@gwillis01 Год назад

If the financial institution wants you to have a cosigner, that means they have very little faith in your ability to pay back the loan. It's a built in back up plan for the lender. They intend to call on the other person promptly if you are late on a payment.

@ArmyVetat90715 20 дней назад

Great clip thanks

@mercedeswilkins5566 10 месяцев назад

Never co-sign with anyone unless their your marriage partner and their credit and income, either match, or greater than yours

@killermobiledetailing2795 2 года назад

Question sometimes I have seen even if u have bad credit but u put a really good down payment they still give u a good payment and qualify for example 30,000 truck Chevy new put $10,000 they qualified them and interest wasn’t bad either so is true

@BViper24 Месяц назад

I just co-signied for a car for a friend of mine now we are not on speaking terms 😔

@beachbum1523 Год назад

NEVER, EVER, EVER COSIGN A LOAN...... ANY LOAN, for ANYBODY. If a person needs a cosigner it's because their credit is trash, and they will trash your credit before it's all over.

@Josemunoz-hi9nh Год назад

Not really , my credit is 767 with a 3 year history I’ll get a new car soon but will have someone as a co signer to lower the interest, but you have a point as well

@psyched3lictoad240 11 месяцев назад

Thank you beachbum1523

@Alex-mn5rs 10 месяцев назад

My credit score is 700 and I've never missed a payment, but I was just denied an auto loan because I have few accounts and my score is only two and a half years old. Should my Uncle have refused to cosign still? Now I may be biased, but I don't think I'm a bad bet.

@CFOREJEL-mx1so 5 месяцев назад

Do you have a dealership in California ?

@kwp3097 Год назад

do you know if i can co sign with my parents at 17? I really need a new vehicle but I can’t finance one myself

@handleyobusiness Год назад

I’m almost double your age. Co-signing, was my worst ever financial experience. Please don’t do it, especially with a family member.

@skinnyphx Год назад

@@handleyobusiness why not?

@RCredneck85 Год назад

Just commenting because you seem to like to turn off comments on the rest of your videos. You said you replaced the cabin filter on a 2002 ss camaro. No 4th gen f bodies came with cabin filters

@jasonc.7696 Год назад

what about if i know someone with good to great credit but only income is SSI or does the cosigner even need to have any income?

@JosephRostkowski 8 месяцев назад

Credit is debt to loan you can have a 780 credit score but if you income and debts over weight the amount of the new loan good luck ,that's how the market crashed in 2008 giving loans to people that can't afford it regardless of a 800