Can a person with very bad credit get a car loan if they have a co-signer with excellent credit?

Answer

Yes, you can get a car loan even with bad credit if you have excellent cosigner there with you and that can also help in lowering the interest rates as well increase the loan amount.

Co-signing

Yes, in certain dealerships (usually small used dealerships). But, major dealerships probaly won't. But if your credit won't go through, ask the cosigner can the car be in their name if their credit will go through.

More input from FAQ Farmers:

  • From what I have seen, having a co-signer with very good credit to your bad credit will not get you a better interest rate. All it does is qualify you for a bigger loan (or so the dealer I talked to once told me. But he may have been trying to screw me).

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