New answers tagged car
3
votes
Is a Co signer on a leased vehicle responsible for damages?
Is a Co signer on a leased vehicle responsible for damages?
In general, yes.
Per https://pocketsense.com/what-are-my-responsibilities-as-a-cosigner-on-a-car-lease-12445429.html
You have the same ...
- 6,832
11
votes
Is a Co signer on a leased vehicle responsible for damages?
The co-signer is responsible for the payment, and paying it was the correct course of action on your part. As for getting your money back from your sister, that may be difficult, but I believe it's ...
- 46.4k
36
votes
Is a Co signer on a leased vehicle responsible for damages?
Yes.
When you co-signed, you accepted joint liability for the car (presumably because the lender didn't think your sister was sufficiently trustworthy on her own). If there are damages, the lender ...
- 22k
2
votes
Leasing a car for a friend with low or poor credit history
A better choice, perhaps:
Buy a car yourself. Write a contract where you sell it to your friend on an installment plan, with them responsible for insurance and maintenance. (Check local laws for ...
- 271
5
votes
1 year T-bill for buying a car in Europe
because of the globalized supply chain in the car industry, the prices of cars in EUR are strongly correlated with the value of the dollar
What's your basis for this claim? Even if we assume this is ...
- 4,810
0
votes
Is a car loan bad debt?
It's bad.
Buying a house on mortgage allows you to increase your worth - by having appreciating asset and depreciating debt.
Sadly a car rarely appreciates. So... you lose less money on transportation ...
- 101
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