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.
You need a lisence to drive the car, but not to cosign a loan.
Yes. The ability to legally operate a vehicle is not a prerequisite for ownership of one.
Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.
ok Should not be a problem. A car loan is about credit, not driving.
The cosign of pi is -1
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.
how many times can someone cosign a car
If I cosign an apartment lease for a friend can I file bankruptcy against the landlord to get out of the lease.
no.my father cosigned for me,but the bank told me that anybody could cosign..good luck to you.
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.