Does it matter if my car loan cosigner lives in the same state as me?

I want my father to cosign for my car loan, but he lives in a different state. Does this matter?

“You shouldn’t have any problem with an out-of-state cosigner. As long as they give you approval for the loan, it shouldn’t matter.
However, some lenders may want your cosigner to sign in person. If that’s the case, you might just want to pay for your dad’s expenses if he has to show up from out of state. But hey, you get to hang out with your old man! Win-win.”
Eric Schad
Answered on May 05, 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.

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