Mazda Financial Question

[PR5]

Ok, we went to fill out the financial papers yesterday and found out that the co-signer (my brother) couldn't do the isurance work, instead it had to be the primary person (me) and insurance is killer for me. So the finance guy said that he had to switch us to, but my brother has a loan out already for his truck, I'm worried that it will show up and I won't get my PR5

But the finance guy said it shouldn't be a problem, should I take his word for it or should I start praying from now.

Robb

 

[20ESGUY]

im a little confused by your question. are you asking if your brother is listed as the primary on the loan if that'll be ok since he already has a loan on the truck or what.

 

[PR5]

im a little confused by your question. are you asking if your brother is listed as the primary on the loan if that'll be ok since he already has a loan on the truck or what.

Ok, Mazda ran our credit and everything 2.9 APR, now that they want to make him the primary person for the loan, can we be rejected because he has a outstanding loan.

 

[dennis_protege5]

I actually helped my aunt get a car and i was the cosigner but then i had to be the person to be the owner and my aunt the co-signer.

I called up mazda credit and they told me that it doesnt matter who signed what, they said that it will show up on both our credits and we SHARE the responsiblity of the car, so it really doesnt matter.

I just make sure that the inovice for the payments everymonth go to my aunts address and anything else concerning the car go to her. She makes the payments on time and thats it. Everyones happy.

Bottomline, just make sure that you trust the person your co-signing for and that they are a responsible person because if they miss a payment or somthing else, it will most likley come back to you.

Hope that helped?

 

[20ESGUY]

Really couldn't answer that......it depends on what your brothers past credit history is, present credit (ie how many loans, credit cards, etc), and what his beacon score is. If he only has one loan out and a minimal amount of debt then you should be ok, but with-out knowing what his scores are then i couldn't say deffiniatly

 

[PR5]

Let You Guys Know What Happens

Well I'm takin tomorrow off to get everything done, and hopefully I'll be comin home with my MP5.

I call MP5 because thats what the dealers call it.

Robb

Wish Me Luck