Quote:
Originally Posted by Flash
I wouldn't do it. There's no reason she needs a $20,000 car...if she's young and has no credit she should start off with a cheaper vehicle. If she's older and has bad credit, then there's no way I'd co-sign. There's a reason she's got bad credit and it's not because she was great at making her payments on time.
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Flash makes good sense. I wouldn't co sign for a $20,000 car loan either - too much risk imo. Tell her to buy something a lot cheaper. Once she has paid that loan off and has established a good credit rating she can go out and buy a more expensive vehicle. That's what i did when i got out of school.