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Hey guys, is it matter to mention that Im gonna use Co-signer to buy vehicle?

Discussion in '2nd Gen. Tacomas (2005-2015)' started by whtkdtn1401, Nov 5, 2010.

  1. Nov 5, 2010 at 12:39 PM
    #1
    whtkdtn1401

    whtkdtn1401 [OP] Member

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    Im contacting with dealers but should I mention that or not? Is it gonna give me disadvantage against dealership?

    Thank you very much
     
  2. Nov 5, 2010 at 12:50 PM
    #2
    MY_SUV

    MY_SUV Member

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    If you use a co-signer, the dealer will be making the financial deal with the co-signer. The dealer doesn't care one way or the other, they get their money.
     
  3. Nov 5, 2010 at 12:51 PM
    #3
    Bama_TACO

    Bama_TACO ROLL TIDE!!!!!!!

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    Yep, no need to mention it.
     
  4. Nov 5, 2010 at 12:52 PM
    #4
    TACOMA TRD

    TACOMA TRD Well-Known Member

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    ....Thats one hell of a friend or family member.
     
  5. Nov 5, 2010 at 12:54 PM
    #5
    anonymous7

    anonymous7 Well-Known Member

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    It won't matter, the only time it matters is when the dealership says "your going to need a co-signer with significant income or we can't finance you"
     
  6. Nov 5, 2010 at 12:58 PM
    #6
    WATacoRider

    WATacoRider Well-Known Member

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    subtle low credit or crappy credit crew.
     
  7. Nov 5, 2010 at 1:03 PM
    #7
    whtkdtn1401

    whtkdtn1401 [OP] Member

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    Thank you guys. And by the way, one of the dealership that Im contacting said they're tacoma passed 169 point inspection with flying color. Its a Ford dealership inspection.

    Is it trustworthy???
     
  8. Nov 5, 2010 at 1:24 PM
    #8
    The1youluv2hate

    The1youluv2hate Well-Known Member

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    Yea don't say anything
     
  9. Nov 5, 2010 at 2:02 PM
    #9
    Jimmyjohn

    Jimmyjohn Well-Known Member

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    I hate to say it but some one is really Stupid. Co Signing for any one is really Stupid. If you fail to pay and screw up the truck the Co Signer gets it in the ASS.
     
  10. Nov 5, 2010 at 2:14 PM
    #10
    jdtemple

    jdtemple Well-Known Member

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    I disagree, I think it's great that someone will help him out. If he screws it up, it will follow him for a long time, and he will have burned a bridge.

    Back on topic. Don't talk financing with the dealer till you have the price set and you are happy with it. Don't mention payments, nothing. As far as the sales person is concerned, you just want to talk about the truck. After you have a deal on the truck that you like, and its on a piece of paper provided by the dealer, then ask what APR's they are quoting, if they are too high, be prepared to walk away.
     
  11. Nov 5, 2010 at 2:44 PM
    #11
    Wattapunk

    Wattapunk Stay lifted my friends !

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    s

    x2. I did that for my kid sister and wreck my credit 2 yrs into it because of late payments. That loan finally fell off my credit 7 yrs later but I will never do it again. There's a reason someone needs a co-signer, they don't have credit, bad credit, or just don't make enough to afford it. There is absolutely no benefit in being a co-signer. Sorry OP for ranting but to answer your question, you don't have to let the dealership know because they will run your credit, crunch the numbers and tell you if you qualify. If you don't,then you can bring in the co-signer. Just hope the co-signer has enough credit to help you qualify. GL.
     
  12. Nov 6, 2010 at 1:02 AM
    #12
    TACOMA TRD

    TACOMA TRD Well-Known Member

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    I signed for my sister as well years back, took it hard in the ass too. I had to pay off a loan for a car I didnt have. Never even tried to give me a few bucks towards it even in later years. it strains a family. I can do a whole thread on this....
     
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