The Honda finance process may feel overwhelming, but don’t worry; Honda Van Nuys is here to help. We make it easy to take the next step, whether you’re filling out a finance application or saving on your next great car. Take a closer look at co-signers and how they can help you take home an exciting new Honda vehicle today.
When Do I Need a Co-Signer for a Car?
A co-signer is essentially a person that agrees to take on the responsibility of the car payments if you cannot pay. Because they sign their name on the loan or lease the same way the primary borrower does, they will have to make those payments if you cannot. That’s one reason you won’t want to take on a larger loan than you can repay on your own.
Typically co-signers are enlisted if the primary signer’s credit falls short of our usual requirements. That may be due to low credit, a poor credit history, a lack of regular income, or a low down payment. With a co-signer, you’ll have more financing options, which means more vehicles available within your budget.
What Should a Co-Signer Bring to the Dealership?
The co-signer is also signing up for the loan. That means they’ll need to bring the same information and papers as the original owner to ensure everything goes smoothly the day the car is brought home. In addition to their license, that includes proof of income and proof of residence.
Begin the Honda Financing Process
At every stage of the Honda financing process, Honda Van Nuys is here for you. We’ll help you find terms, explore savings, and pick out the perfect vehicle at the ideal price. Visit our dealership to get started today.
