Does a cosigner for a car loan need a specific credit score?

Does a cosigner need a specific credit score to be approved? I want to cosign for my son's car loan as he's worked all summer to save up for a car, but he doesn't have any credit. My credit score is decent; it currently sits at about 675. Is this a good enough credit score for a cosigner?

Answer provided by
Eric Schad
Answered on Jul 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Lenders usually don’t have specific scores necessary to be a cosigner as many factors are at play, including:
  • current debt
  • debt-to-income ratio
  • length of credit history
Since your credit score is 675, you’re right in the middle of the average credit score. As long as this loan doesn’t push your debt-to-income ratio up too high, you’ll probably be alright.
After your son’s loan is approved, you need to make sure his new (or used) car is adequately protected.
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