I am 17 and my car is broken down i looking for a new car, however i know being underage i wont be able to will however my dad be able to co sighn but it still be my loan???
2007-02-06 15:59:08 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
At 17, you are too young to legally enter a contract. Your dad will have to get the loan for you as the primary borrower. The finance company may allow you to be listed on the loan, but probably not. I'm sure your dad will hold you 100% responsible for the loan even though it is in his name.
2007-02-06 16:10:19 · answer #1 · answered by Brian G 6 · 0⤊ 0⤋
Yes, but he is responsible if you default on the loan.
SO
DONT DEFAULT ON THE LOAN!
It will affect you the rest of your life, i swear. Bad, bad habit.
You have just now become a young man. Accept this help and be a man of honor by holding up your end of the bargain. You will never regret it.
:)
2007-02-06 16:02:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋