"Can my unlicensed dad cosign a car loan for me? "
"I am 18 and I have a driver's license, but I don’t have any credit. My father, on the other hand, has perfect credit but does not drive. Can he cosign for me on a car loan?
Answer provided by
Answered on May 05, 2021
“The lender will most likely not care whether your father has a driver’s license or not. As long as he has good credit and is willing to cosign for you, and as long as you can make the monthly payments and keep the car insured, you shouldn’t run into any issues.
If, for some reason, your lender tells you otherwise, shop around because there are plenty of companies that will work with you and your dad. “
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