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Is it possible to get Car Loan - leojack

My friend was purchased car last year(I have a good credit score, so I was the co-signer for him at that time). Now I am planning to buy a car. Is it possible to get a car loan for me?

Is it possible to get Car Loan - Bromptonaut

The only way to find out is to apply.

Is it possible to get Car Loan - gkb40

My friend was purchased car last year(I have a good credit score, so I was the co-signer for him at that time). Now I am planning to buy a car. Is it possible to get a car loan for me?

So, as co-signer, you're liable to pay if your friend defaults on his/her loan.

You're a very trusting friend.

Is it possible to get Car Loan - Engineer Andy

My friend was purchased car last year(I have a good credit score, so I was the co-signer for him at that time). Now I am planning to buy a car. Is it possible to get a car loan for me?

Are you from the US? If you are, this is not HonestJohn.com, but a completely separate site serving the UK and we may not be able to help if the issue has legal connotations that specifically pertain to the US market.

Is it possible to get Car Loan - leojack

I am from Uk only

Is it possible to get Car Loan - Bromptonaut

As above only way to find out is to apply. Even then you may find some lenders will offer you a loan while others throw up their hands in horror - all depends on their criteria and whether they think you can afford it.

Obviously, if you're seen as risky you will be pushed towards higher cost lenders/deals.

You also REALLY need to think about what might happen if your friend defaults or even if he just genuinely can no longer afford it. As a benefits adviser I speak several times a week to people for whom everything was rosy until yesterday..........

Edited by Bromptonaut on 24/10/2019 at 14:49

 

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