0
That depends on a variety of factors including: your age, credit score, job history, the down payment you plan to make, the car you want to buy and the dealer you buy the car from.
Smaller and less reputable car dealers will often sell you a car with little or no money down and a bad credit rating but you'll probably have to pay by the week and they will come to your house and take back the car if you miss a payment. Unless you are 18, no contract is legal so no one will loan you the money for a car or anything else if you are under 18. If you are over 18, but have not held the same job for at least six months and have not established credit or have bad credit you will need a co-signer. Exceptions may be made for someone who has a substantial downpayment and wants a relatively inexpensive car. There are many variables, but these are the basic facts.
Some place will work with you if you have bad, no or good credit. But if you have enough credit established most banks or places will let you go without a co-signer.
All the factors mentioned above, are being computed and they have a grading system of those people who are eligible for the financing, with or without a cosigner.
What else can I help you with?
What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?
Possible fraud charges.
How can I remove a cosigner from a car title in California?
To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.
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?
How can I find a cosigner for a car loan?
You can find a cosigner for a car loan by asking family members, friends, or someone with a good credit history to sign the loan with you. The cosigner agrees to pay the loan if you cannot, which can help you qualify for a loan with better terms.
Do you have to have a cosigner in order to get a car loan?
Having a cosigner for a car loan is not always required, but it can help if you have a limited credit history or poor credit. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments.
What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?
Possible fraud charges.
How can I remove a cosigner from a car title in California?
To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.
Can you get a car loan without a co-signer a small loan only about 4000?
Yes, if your credit is good enough. I have never had to have a cosigner for a car loan.
Can your cosigner refinance your car without your permission?
No. As the one who originally took out the loan, they cannot refinance your car loan without your permission. The only thing they can do (and have to do) is to pay your payments if you default on the loan.
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?
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
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.
How can I find a cosigner for a car loan?
You can find a cosigner for a car loan by asking family members, friends, or someone with a good credit history to sign the loan with you. The cosigner agrees to pay the loan if you cannot, which can help you qualify for a loan with better terms.
If a borrower signed a loan for a cosigner is there a way the loan can be changed into the cosigner's name without refinancing?
No.
How can a cosigner be removed from the loan?
The only option is for the loan to be refinanced without the particpation of the present cosigner.
Do you have to have a cosigner in order to get a car loan?
Having a cosigner for a car loan is not always required, but it can help if you have a limited credit history or poor credit. A cosigner is someone who agrees to be responsible for the loan if you are unable to make payments.
Is the cosigner of an auto loan responsible for the loan if the loan was refinanced by the buyer without the knowledge or consent of the cosigner?
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
