what documents is needed to co-sign for a car?

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what documents is needed to co-sign for a car?

2006-08-03 05:52:14 · 2 answers · asked by ilmda2002 1 in Cars & Transportation ➔ Buying & Selling

2 answers

Don't do it. If so, and the buyer defaults, you are 100% respsonsible. If the lender will not sell the car to them, why would you guarantee it?

2006-08-03 06:29:36 · answer #1 · answered by Greg 5 · 0⤊ 0⤋

I strongly recommend AGAINST co-signing. As the co-signed you have absolutely NO legal rights to the car, yet your held 100% accountable for the payment. You want a better way? Buy the car yourself, put it in your name, and let whoever make payments to you. That way if they stop paying.....the title and registration is in YOUR NAME!

2006-08-03 14:34:06 · answer #2 · answered by Gregg H 3 · 0⤊ 0⤋