Car Purchase Cosigner Rules

Summary

In North Carolina, a dealership can put a car in a cosigners name if your credit score isnt high enough. If your credit score is sufficient, the dealership generally should not need to put the vehicle in the other persons name. Always understand the terms of the agreement, ensure both parties agree, and seek legal advice if unsure.

Full Conversation

wont to know if i am trying to buy a car i trade in my old car they tail me i need a cosinder but they put the car in the cosinder name saying my credit score is not hight enough and puts the car in the other person name is that ligel
Hello Glenn Lassiter,
In North Carolina, a dealership can put the car in the cosigner's name if your credit score isn't high enough. However, details should be clear before the agreement.
- Ensure you understand the terms.
- Both parties should agree on the arrangement.
- Consider seeking legal advice before signing.
if my credit score is high enough and the other person score is not can they still do that
Hello Glenn Lassiter,
In North Carolina, if your credit score is high enough and the other person's is not, the car dealership generally should not need to put the vehicle in the other person's name. Always:
- Understand the agreement terms.
- Ensure both parties agree.
- Seek legal advice if unsure.
thank you much
You're welcome, Glenn Lassiter! If you have any other questions or need further clarification, feel free to ask. We're here to help!