I love mom but if she has bad credit then she needs to do something to improve it, not get a new car which she likely doesn't need, just wants.
moms wants me to cosign on a new car loan, what should i do?
- Thread starter Huellz Santana
- Start date
FreddyCalhoun
All Star
You pick the car...I would do a Buy Here/Pay Here place...so it won't hurt too much....
she needs a new car but i aint tryna have my credit messed up for NOBODY
im over here stressed about this shyt.
why couldn't i be born into a family with fiscally responsible individuals?
godkiller
"We are the Fury"
I would. Mom did a lot for me. She would carry me on her back sometimes. I mean literally CARRY ME on her back to school and preschool in the dead of winter. There was snow blowing everywhere, the sky covered with gray, and still she would take me to and fro school. She would make sure I had everything and she would arrive to pick me up no matter the circumstances. She gave me great advice and perservered with me till the end. I owe her everything, breh. And if she wants a loan, she'll get it.
Funny how folks 'need' a car they can't afford. A cheaper car will work just as good as a pricy one in getting you to its destination. I'm assuming at her age, if she needs a cosigner, she doesn't have the best history with credit, which means you will be stuck with the payments. I mean if this is something she could afford and she just has her finances straight, yeah, but if this is something that she's using up like 80% of her income to buy and one set-back will leave her unable to pay, naw.
The same thing would go for a wife too. If she was trying to get a car that isn't reasonably priced in comparison to what she was making, the answer would be the same. No one 'needs' something they can't afford and to shift the debt on someone else when the going gets tough is wack.
The same thing would go for a wife too. If she was trying to get a car that isn't reasonably priced in comparison to what she was making, the answer would be the same. No one 'needs' something they can't afford and to shift the debt on someone else when the going gets tough is wack.
Now if he just had an excess amount of money and wanted to buy his mom a car, cool, that's a great thing to do... but for parents to come around and say, "I took care of you for X amount of years, so you owe me. I'm coming to collect on my favor now." I'm sorry, it doesn't go like that. When you have kids, you have them with the expectation that YOU chose to bring them into the world, and thus the responsibility is on you to take care of them. They are not your burden mules and they don't owe you anything back, but if they do something for you, great. Also, parents are supposed to be the responsible one, so why doesn't anyone bring up how foul it is for a grown up to come to their kids to buy a luxury item and then when the going gets tough and they can't pay, just quietly let the loan shift to their kid and destroy their kids credit? Is that proper parenting?
Now if you know your mom just went through a tough patch at one time and that messed up her credit, but now she's back on track and stable, then you might consider it, but if she has a history of not handling her financial priorities, even if that is your mother, nah. We're in a recession and who knows how the economy will look in the next few years. What if she loses the job. That's on you to pay up. What if you lose your job after that? Both of ya'll are done for. Nobody 'needs' an SUV. If you have sufficient savings to where you can give her 10,000 and not think twice about it, coo, do that as a favor to your mom, but if you taking on those payments will have you stranded, you got to be responsible no matter what.
Now if you know your mom just went through a tough patch at one time and that messed up her credit, but now she's back on track and stable, then you might consider it, but if she has a history of not handling her financial priorities, even if that is your mother, nah. We're in a recession and who knows how the economy will look in the next few years. What if she loses the job. That's on you to pay up. What if you lose your job after that? Both of ya'll are done for. Nobody 'needs' an SUV. If you have sufficient savings to where you can give her 10,000 and not think twice about it, coo, do that as a favor to your mom, but if you taking on those payments will have you stranded, you got to be responsible no matter what.
Chrishaune
Veteran
If she can't be trusted, tell how you feel. No better way to get her to see the light, than let her think over that ether from her own offspring.
this woman speakit da truth
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Mr Hate Coffee
Veteran
funkee
All Star
your brother wouldn't happen to be one kobe bean bryant? don't do it breh
FukyourFort
All Star
i did this for my moms already but she responsible...my brother fukked her credit up cosigning em for his car so i cosigned er on some things including a car and i dont regret it. she almost died having me and is a good but tough mom. cosigning her was nothing for me
some nice points made. if she messed her credit up helping someone else like a brother or something, but otherwise was financially responsible, sure... but if she has a history of making bad credit choices on her own but needs to look crispy in a fly new whip and you have a feeling the loan will come to you in a year or two, then naw.
