I'm currently in the process of buying a truck worth $8,000.
The seller will only hold the truck for me for a week.
It is a private party selling the truck (through craigslist)
I currently own a truck that is worth about $7,500 so I can expect to receive $7,000.
I have the funds in my bank account to make up the other $1,000 it would cost to buy new truck "A" BUT it will obviously take me more than a week to sell my currently owned truck.
I would like to take out a loan with a low interest rate, however, my mother has maybe average credit, father (deceased), and would like to take out a loan with an uncle who has amazing credit history (in order to get a low interest rate loan).
I looked up a few types of loans and figured a personal loan under TFCU would work also that is the bank that my mother currently uses.
I am a 17 year old, I work seasonally under my uncle on the books and I live in New York
Can I take out a personal loan with my uncle as a primary co-signer and my mother as a secondary co-signer? Is this how it works? If not, how can I go about doing so?