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IF you have a big enough down payment and a co-signor, most BHPH(note lots) will finance anyone.

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โˆ™ 2015-07-15 18:35:35
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Q: Can you receive a car loan at 18 if you have a cosigner but have an off the books job?
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Related questions

If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?

If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?


Does the cosigner have to drive the car?

No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.


What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?

Possible fraud charges.


Can your daughter be on your car insurance if you are not cosigner on her car loan?

Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.


What happens to a cosigner of a car loan when the primary loan holder files bankruptcy and the loan is discharged and they do a voluntary repossession?

They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.


Where do you get a car loan with no credit and no cosigner?

Some who has character My Friend it is very difficult to get car loan with no credit and no cosigner although you have to contact some good car lenders in your area they can guide you better.


If you have bad credit will you get approved for a car loan with a cosigner?

Yes.


Can a cosigner have a car repossessed if the loan has been in arrears?

yes


What are cosigner qualifications for a car loan?

You select a cosiger have good credit history is big qualification for car loan.


What legal recourse is there for the cosigner when the person that was cosigned for has defaulted on the loan?

The usual legal recourse for the cosigner when the person named as the primary on a loan has defaulted, is to make the payments on the loan. Then, the cosigner can take the person who defaulted to court to try and recoup some of the money they are out. If the loan was for a car, some states allow the cosigner to take possession of the car and sell it to recoup losses also.


Does a cosigner on car loan have to be licensed?

No, they just need good credit.


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.

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