Whether you need a co-signer to lease a car depends on your credit history, income, and the leasing company's requirements. If you have a strong credit score and sufficient income, you may qualify for a lease on your own. However, if your credit is poor or your financial situation is uncertain, a co-signer can help strengthen your application and improve your chances of approval. It's best to check with the specific dealership or leasing company for their policies.
you need a co signer
Currently no one under 25 can lease a car anywhere in the united states.
The co-signer is responsible until the lease expires or until a new lease is executed.
In most cases, a 17-year-old cannot lease a car on their own because they are not considered legal adults. They would typically need a co-signer, such as a parent or guardian, to be able to lease a car.
Yes Co-signer must be there in person and show a valid driver licenses, with all the correct information. The Dealership will also have to make a copy in-case they are audited.
No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.No. The tenant cannot make changes to the lease agreement without the signature of their co-signer. The "lease takeover" you suggest would not be binding on the lessor and the lessee & co-signer would remain fully responsible under the original lease agreement. You should not even consider making any changes that would affect the co-signer of the lease without notifying the co-signer.
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
The co-signer cannot be released until the lease has expired unless the lessor agrees to release the co-signer in writing.
can a primary co signer take the car away from a secondary co signer
If others who are co-signed on the car are in an accident, and cannot afford to pay and charges or fees as a result of that accident, then yes, as a co-signer the primary lease holder will be liable for those oustanding payments.
Whether or not you need a co-signer for a car loan depends on your credit history and income. If you have a strong credit score and sufficient income, you may not need a co-signer. However, if your credit is limited or you have a low income, a co-signer can help you qualify for a loan with better terms.