Should I go on an auto loan as the primary or co signer if my co signer has better credit?

I am trying to get an auto loan. I have about a 600 credit score and nothing really bad on my credit but nothing really high in an amount. I have a co signer who has about a 740 credit score but not really any high loans on their credit either.. I have great income. Its kinda like my co signer has the good credit and i have the great income. Can we submit the auto loan with my co sogner has the primary and myself as the secondary so we can get the best rate and stay away from a high apr? Possibly even a lease.

Should I go on an auto loan as the primary or co signer if my co signer has better credit?

Auto finance is what I do for a living and sure you can.

And don't worry about being the co-signer when the credit bureaus report the activity on the loan no one will know if your are the primary or secondary signer the only thing that will show is either a %26quot;C%26quot; for co-sign or a %26quot;J%26quot; for joint under the lenders name on the left side.

Should I go on an auto loan as the primary or co signer if my co signer has better credit?

You should be the primary. This way you can start establishing better credit since I presume you wont be late in any payments or anything like that.

Should I go on an auto loan as the primary or co signer if my co signer has better credit?

Leasing is never a smart money option.

Is there a particular reason if you make %26quot;great income%26quot; that you won't buy a car you can afford? I've never made much, but each of my three cars were ones I paid cash for. I have no idea why someone would want to %26quot;finance%26quot; an object that will cost them much more than the sticker price and last around a decade or two.

Mortgages make a certain amount of sense, but when you can't pay cash for other things, that's a sign you can't really afford it. If you encounter any financial problems in your life (like you lose your job or become disabled) your cosigner is going to detest you because he becomes responsible for 100% of the loan the second he makes the mistake of cosigning.

The auto company is interested in a sale so they'll probably do whatever they need to make that sale, but they don't care about you or your cosigner and if there is a problem, they'll take no responsibility for your bad decision to finance this vehicle.

Should I go on an auto loan as the primary or co signer if my co signer has better credit?

Get a used car instead of leasing a car and make sure it is a Toyota, Honda, or Chevy so you don't pay too much.

Should I go on an auto loan as the primary or co signer if my co signer has better credit?

If you're going to do this, you should be the primary borrower so you can build credit to go with that great income.

Should I go on an auto loan as the primary or co signer if my co signer has better credit?

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