Is it possible to get Car Loan

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Wed 23 Oct 2019 11:43
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?

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Wed 23 Oct 2019 11:46
Is it possible to get Car Loan - Bromptonaut

The only way to find out is to apply.

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Wed 23 Oct 2019 12:31
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.

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Wed 23 Oct 2019 15:57
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.

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Thu 24 Oct 2019 14:12
Is it possible to get Car Loan - leojack

I am from Uk only

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Thu 24 Oct 2019 14:48
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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