Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
i was able to get an auto loan with the help of a cosigner and im under 18
You can cosign but both names will be on title.
Yes. It depends on their credit history and willingness to co-sign and take responsibility for your loan.
Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.
absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
Only the dealership can tell you why they have made this requirement.
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
Yes, as long as the person you are co-signing for has an income. The rule is one income one loan two incomes two loans.