Question 12: My friend agreed to co-sign my loan. Will this help me get a car loan?
Answer: Under many circumstances a co-signer will help you to obtain a car loan. Lenders will consider the credit reports, income, assets, debts and other information of both parties. Before you decide whether or not to include a co-signer, look closely at your combined financial picture. However, you must still meet certain income and financial requirements to qualify for a loan, however. A cosigner can be a family member or a friend with good credit.
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