As a Credit Analyst at a sub prime finance company, A Cosigner per the car
dealer will help you.
But at the bank it does not.
Expect to pay between 12% to 18%.
Those dealership ads are for captive finance companies and
the Ford Motor Credit and TMCC and all offering them are for qualified
applicants
not cosigners.
Your best bet for a low APR is to have the Cosigner buy the unit for you and
you make the payments.
creating a straw purchase.
If the lender finds out about the straw purchase than you are screwed
because at that point they can
take the unit back.


"Thomas Gagliano" <Gagliano3@hotmail.com> wrote in message
news:10d295d2.0308100659.445b0f15@posting.google.c om... Since I got BK Ch. 7 discharge more than a week ago... is it any better if family/friend co-sign auto loan? if so, does that based on co-signer's credit/FICO score? If a co-signer has high FICO score, say... 750-800, do I get an APR of 0%? (If the dealership ads 0% up to 60 months (this is just a example))?? Anyone can tell me based on your post-BK with co-signer who has excellent credit on how much they got for APR, etc... TIA! Tom


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> If the lender finds out about the straw purchase than you are
screwed because at that point they can take the unit back.

But virtually never do so long as the payments are current.

--
Brett

************************************************** ***************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
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The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
************************************************** ***************


"Albert Andrascik" <albert.andrascik@verizon.net> wrote in
message news:k2uZa.8033$pn3.7848@nwrdny01.gnilink.net... As a Credit Analyst at a sub prime finance company, A Cosigner
per the car dealer will help you. But at the bank it does not. Expect to pay between 12% to 18%. Those dealership ads are for captive finance companies and the Ford Motor Credit and TMCC and all offering them are for
qualified applicants not cosigners. Your best bet for a low APR is to have the Cosigner buy the
unit for you and you make the payments. creating a straw purchase. If the lender finds out about the straw purchase than you are
screwed because at that point they can take the unit back. "Thomas Gagliano" <Gagliano3@hotmail.com> wrote in message news:10d295d2.0308100659.445b0f15@posting.google.c om... Since I got BK Ch. 7 discharge more than a week ago... is it
any better if family/friend co-sign auto loan? if so, does that
based on co-signer's credit/FICO score? If a co-signer has high FICO score, say... 750-800, do I get
an APR of 0%? (If the dealership ads 0% up to 60 months (this is just a example))?? Anyone can tell me based on your post-BK with co-signer who
has excellent credit on how much they got for APR, etc... TIA! Tom --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.507 / Virus Database: 304 - Release Date: 8/5/2003