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If she has a job making +/- $1200/month, is a college student and is a first time buyer (college student requiirement may vary from place to place), and if she has a credit card (w/good credit) helps a whole lot to purchase a NEW car. She can get a secured credit card with your bank and it shows up just like regular credit cards (no one knows it's secured), however, credit card companies love to give 18 year olds credit cards also. Great way to build a good credit standing. But if she buys a used car and pay's it off in two to three years she can use that and her good credit card credit rating and can purchase a home/condo on her own. Very cooooool. And three years later she can buy another home/condo. Even more cooooool. But if she buys a new car she will be burdened with payments for 4 to 5 to 6 years and by then the cars falling to pieces and she has to purchase a new one again because a new car is more important to her than purchasing a home/condo which is what she will never get approved for if she's $20K to $30K in debt on a new car. So I hope she is wise enough to understand what I just explained. And if you can't or won't cosign for her then maybe she hasn't got a good attitude toward money and responsibility and needs to really take to heart what I've explained above. She needs to get a vision for her life beyond the car. If you can and will cosign for her she can redo the loan down the road and establish the credit for herself but she will have to pay a higher rate so that's not always the best way but it can work out with patience. Good luck.
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∙ 16y ago
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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 are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?
Possible fraud charges.
What if your cosigner died and your car was repoed can you get it back without paying the price of the car?
NO
Can you refinance your car without a cosigner if your current loan has a cosigner?
if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner
How do you get a cosigner off of a car title if the car is paid off?
You cant without the cosigners approval.
Can someone put you as a cosigner without your signature on a car title?
No-they probably forged your signature
What rights does a cosigner have to gain possession of the vehicle if his name is on the title in Pennsylvania?
It depends on what the title says. The title can say "The owner of the vehicle is Name 1 or Name 2." If the title says this then the cosigner has limited rights to get the car. Whoever has the vehicle can sell the car without the cosigners signature. Now if the cosigner has the car, the cosigner can sell the car without the main owners signature. If the title states Name 1 and Name 2, then you have same rights as the main owner of the car. This means if Name 1 trys to sell it, they can't sell it without your signature.
How do you get a car loan without a cosigner?
start building your credit, get a department store credit card, like a target card, buy stuff then pay it off the next day.
Can a mom without driver's license buy car insurance for daughter with driver licence age 17?
ofcourse
Can i trade my car in without the cosigner being there?
Yes, i am a dealer in sc, people do it all the time
Does a cosigner have rights to the car even when its paid off?
No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.
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?
