You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.
Both are responsible until paid in full. It will also be on both credit reports as well.
Some who has character My Friend it is very difficult to get car loan with no credit and no cosigner although you have to contact some good car lenders in your area they can guide you better.
Yes.
No, they just need good credit.
You select a cosiger have good credit history is big qualification for car loan.
not if you make your payments like you should a cosigner is only called upon if you default on your loan
If you need a cosigner for the loan because of bad credit, it means you can't afford the car.
Yes.
They can still come after the cosigner, and it will still reflect poorly on your cosigner's credit history. You have been absolved of the debt, not your cosigner.
The creditor will seek repayment of the car loan from the cosigner. As long as the cosigner pays, their credit will not be affected. However, if they are unable or unwilling to pay, the debt will be pursued like any other bad debt, and it will affect their credit rating.
Yes, if your credit is good enough. I have never had to have a cosigner for a car loan.
Seven years.