Things You Should Know Before Financing A Car

Benefits Of A Co-Signer

Individuals who do not qualify for a loan, or are only eligible for one with a high-interest rate may want to see if the lender would accept a co-signer, which would make the investment a more secure deal for the bank. A co-signer is similar to a backup plan as they are made responsible for any payments the person who was granted the loan cannot make. A co-signer may encourage the bank to offer a lower interest rate.