I was wondering if I needed a driver's license in order to co-sign for my husband's car? I am 20, have two years credit history, and my credit is good. His credit is not so great, but he has a license. So, can I help him finance for the car???
2006-07-24 14:59:14 · 7 answers · asked by Mary Rashelle 2 in Cars & Transportation ➔ Buying & Selling
Just did a deal like yours in Illinois through Ford Motor Credit.
FMCC said yes.
I think your answer will be determined by state laws and more importantly lender guidelines
2006-07-24 15:06:11 · answer #1 · answered by Vicky 7 · 2⤊ 0⤋
1
2016-09-27 20:39:42 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Yes. BUT, if you are 20, that is one year short of full majority, it may not even work.
The only thing you can do is to talk to the loan company and see what they would offer. Be aware, your interest rate will be VERY high either way.
2006-07-24 15:03:07 · answer #3 · answered by tkquestion 7 · 0⤊ 0⤋
Your difficulty is extremely unlikely. To get a below-average credit automobile loan you could might want to flow by a dealership that ought to get you financed and promote you a automobile. definite for sure you will pay a severe pastime fee as you're a severe possibility. How badly do you want a automobile? sometime those loans are your purely selection and a thanks to rebuild your credit. solid success.
2016-10-15 04:17:53 · answer #4 · answered by ? 4 · 0⤊ 0⤋
no you do not need a license you got credit
2006-07-24 15:03:00 · answer #5 · answered by I R G _ H I Q 4 · 0⤊ 0⤋
You will find very useful this site for finding the best option for you CREDIT-SOLUTIONS.INFO
2014-05-15 13:35:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes you should beable too...your name will be on the car..as you are married anyways
2006-07-24 15:02:50 · answer #7 · answered by mommy2savannah51405 6 · 0⤊ 0⤋