That's up to the lender. However, asking an eighty year old grandparent to co-sign for a car loan may seem predatory and inappropriate to most people (and other family members) since the co-signer is guaranteeing the loan and will be held responsible for paying it off if the primary borrower defaults. There may well be questions of undue influence or that the co-signer was not capable of making an informed decision to take on that degree of responsibility.
That's up to the lender. However, asking an eighty year old grandparent to co-sign for a car loan may seem predatory and inappropriate to most people (and other family members) since the co-signer is guaranteeing the loan and will be held responsible for paying it off if the primary borrower defaults. There may well be questions of undue influence or that the co-signer was not capable of making an informed decision to take on that degree of responsibility.
That's up to the lender. However, asking an eighty year old grandparent to co-sign for a car loan may seem predatory and inappropriate to most people (and other family members) since the co-signer is guaranteeing the loan and will be held responsible for paying it off if the primary borrower defaults. There may well be questions of undue influence or that the co-signer was not capable of making an informed decision to take on that degree of responsibility.
That's up to the lender. However, asking an eighty year old grandparent to co-sign for a car loan may seem predatory and inappropriate to most people (and other family members) since the co-signer is guaranteeing the loan and will be held responsible for paying it off if the primary borrower defaults. There may well be questions of undue influence or that the co-signer was not capable of making an informed decision to take on that degree of responsibility.
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