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Yes, the qualification for a co-signer is their credit record, not their driving record. In fact, it's perfectly legal to buy a car in most (all?) of North America without a licence at all.

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โˆ™ 2006-03-13 13:12:48
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Q: Can someone without a driver's license co-sign on an auto loan?
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Can a person without a drivers license cosign for someone?

Yes


Can you cosign for a auto loan in Pennsylvania without ever having a drivers license?

Cosigning on a loan has nothing to do with having a drivers lincense. You are just agreeing to pay the loan if the primary person does not. You are not driving the car. The only thing a lender is interested in is your ability to pay the loan.


Can someone without a job co-sign on a car?

Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.


How many time can you cosign a car?

how many times can someone cosign a car


Can someone not related to you cosign a car?

Yes.


Does a cosigner need a driver's license?

You need a lisence to drive the car, but not to cosign a loan.


Can you cosign for a car if you do not have a license?

Yes. The ability to legally operate a vehicle is not a prerequisite for ownership of one.


When you cosign for someone how long are you required to be their cosigner?

For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.


Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.


Can someone on social security benefit's cosign for a loan?

Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.


Can someone on disability cosign a mortgage loan?

You need to ask a mortgage agent.


Can your husband cosign on a car loan with a suspended license?

ok Should not be a problem. A car loan is about credit, not driving.


Can you cosign without your name being on the car just the car loan?

yes


What is the cosign of pi?

The cosign of pi is -1


Can you get a auto loan but put the car in someone else name?

You can cosign but both names will be on title.


If you cosign for someone and they go bankrupt does it affect you?

You would be responsible for the note or loan you co-signed for.


Can someone else insure a car if the loan is in your name?

Depending on the state you must at least cosign.


How do you get a loan to pay off your debt without having someone cosign?

you can always get short term loans or try high intrest ones usually all they would have to do is to make sure your a resident and approve you.


What does it mean if someone has to co sign a loan with you?

To cosign a loan is to guarantee payment if the borrower fails to pay.


Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?

The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.


If i cosign a car for someone will my name come off in a year?

No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.


If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?

Yes.


If you're currently unemployed and your fiance wants to cosign and make the payments on a used car but he lost his license due to a DWI can he still cosign for you?

Whether he lost his licence doesn't matter. What matters is that he is making money and is able to pay if you default on the loan. It also helps if he has good credit.


Can someone under eighteen years of age cosign a loan?

If you're not 18 you're not legally able to enter into a contract.


Is there a way that you can get off from cosigning a car and have someone else COSIGN?

No. The only way to change co-signers is to refinance the vehicle.