What does a co-signer do for a car loan?
Very few people are going to be able to come up with several thousand dollars to buy a car, truck or SUV. Most Carizma Motors customers are not only coming to our dealership with the goal of buying a new (to them) vehicle but also looking for the most affordable financing options available to them. One of the ways someone with a low credit score can find a loan is to have another person with a higher credit profile act as a co-signer. So, what does a co-signer do for a car loan? A co-signer isn’t a character reference. Someone acting in this role is essentially promising to take over the payments if the primary borrower falls behind on the load. Let’s take a closer look at a few other helpful pieces of information. Read the rest of this entry
