Pros and Cons of Having a Co-Signer

If you’ve had trouble finding a loan to get you into the vehicle you need, applying with a co-signer can be one way to improve your chances. Whether your credit is unestablished, recovering from some missed payments, or your income is lower than you’d like, there are plenty of reasons you might consider getting support from a co-signer. Let’s look at some of the pros and cons of applying for an auto loan with a co-signer so that you can make the choice that’s right for you.

Things to Consider Before Finding a Cosigner

When you need a co-signer, you might consider asking a family member, a partner, or a close friend. Applying for a loan with a co-signer can improve your chances for approval and get you a loan with better terms than you would qualify for on your own. Getting a loan with assistance will still allow you to build your own credit score as well. However, there are risks to a co-signer. If you miss payments, your co-signer’s credit will be damaged, and if you consistently fail to pay back your loan, they can be hit with charges, fees, or legal consequences. All of these consequences can put a significant strain on your personal relationship with your co-signer. Luckily, when you shop and finance with PA Credit King, you don’t need a co-signer at all.

Guaranteed Financing in Harrisburg, PA

At PA Credit King, we offer guaranteed financing for every customer, even without a co-signer. If you apply for financing with us, we’ll quickly work with our network of lenders to find a loan that works for you, no matter what your credit looks like. We can always find you the financing you need and a vehicle that meets your needs without the need for a co-signer so that you can enjoy simple and fast financing. Apply with us any time using our online financing application, and we’ll get you results today.

Enjoy Shopping With PA Credit King

When you choose PA Credit King for your next vehicle, we make the entire shopping process, from finding the car you need to get affordable financing, fast and simple. We have a fantastic variety of vehicles on our lot, with all new Volkswagen models, a wide range of high-quality certified pre-owned Volkswagens, and reliable, affordable used cars from every popular manufacturer. Once you spot the right car for you, we also make it simple to get guaranteed financing without a co-signer. Apply now, and our expert team will find a financing solution that works for you, even without a co-signer.