Stop co signer on car loan?

can a car dealership tell u u cant have a co signer on a car that u know u will need a co signer for but they will not let the co signer be on the application

Stop co signer on car loan?

It's not the dealership's job to tell you whether you can have a co signer or not. That's the lender's job. If they are telling you this then they are probably up to something.

Stop co signer on car loan?

if the financing is to be made through the dealership and both of your credit ratings are suspect then yes. But I don't know why they wouldn't want to sell you a car if the financing is through your own bank or lender

Stop co signer on car loan?

In this case the dealership is acting as a lender (even thought they are marking up a rate that they are getting from another lender) and yes, they can stipulate the terms of a loan to their benefit.

You could try getting a loan through a bank, credit union or even State Farm Insurance but if the dealer wants to say that you can't have a co-signer it is because they want to charge you a higher interest rate than you would get with a co-signer.

Stop co signer on car loan?

That would make no sense on their part. The more people cosign the loan, the more people they can go after if you can't pay up.

Stop co signer on car loan?

My guess is that the co-signer's credit history is bad. The dealer knows that he won't be able to get the loan approved. You should find another co-signer with a better credit score.