Do You Need A Co-Signer For Auto Financing In St. Louis?

December 26, 2018  

Do You Need A Co-Signer For Auto Financing In St. Louis?

If you are considering buying a used car and are looking into co-signing for auto financing in St. Louis. Becoming the co-signer or co-signee is a huge responsibility. There are two basic scenarios that may require co-signing to be necessary. The first is a young, first-time car loan candidate with little to no credit history. A parent or other person can co-sign a car loan to help the individual start building credit. The second involves more risk. Someone with some blips on his credit report but who still needs reliable transportation can apply for financing with or without a co-signer. Sometimes a co-signer seals the deal for the application.

Whatever your circumstances, whether you are a co-signer or co-signee, it is important to realize that if the loan is not repaid with timely monthly payments or if the loan has defaulted or recurrent non-payment occurs, that the co-signer is accountable for the debt. A possible co-signer must also assess their own credit score to see how it can be affected by a possible financing problem. Weigh all the options very carefully before getting on board with this potentially hazardous relationship. Both parties should obtain a copy of all relevant paperwork regarding the auto loan.

Buy one of the premium trucks, cars, mini-vans or pre-owned Jeeps for sale with approved financing at the area’s leading dealership – 5 Star Auto Plaza.

For auto financing in St. Louis at reasonable rates for people with no credit, exceptional credit or less than stellar credit, talk with the sales professionals at 5 Star Auto Plaza by contacting them at (636) 940-7600. We have an extensive inventory of all kinds of vehicles and in every price range. Visit us today!

5Star auto plaza Review

5 Star Auto Plaza

5 Star Auto Plaza Review

  • St. Charles Used Cars

    Review Your DealerThey did me a great deal by working with  me on my trade in. I got into something I actually wanted and didn’t break the bank. Read More
  • St. Charles Used Cars

    Review Your Dealer5 Star Auto Plaza even won my husband over with their sales techniques. There was no high pressure tactics or belittling us. I was also impressed with all the clean cars and their selection. I would go back without hesitation. Read More
  • Chesterfield Used Cars

    Review Your DealerI made an appointment at 5 Star Auto Plaza. They showed me the car and gave me a test drive. They were  very friendly, courteous, and didn’t try to hard sell me. The car sold itself, yet they made the experience easy. Read More
  • St. Louis Used Cars

    Review Your DealerI found the gentlemen  I dealt with at 5 Start Auto Plaza quite respectful and seemed to really have my best interest at heart . My salesman really worked with me on picking out the perfect car for me. I appreciated the personalized approach he offered. Read More
  • O’Fallon Used Cars

    Review Your DealerDidn’t have to go through a big deal on getting a deal. I told them what I thought the car was worth and they worked with me to get me there. Read More
  • St. Peters Used Cars

    Review Your DealerI  wanted a new car for myself so I started checking out some cars online. I found a Lexus LS430 and decided it was the perfect car for me, I just needed to find the right priced one. I found one at 5 Star Auto Plaza, they worked within my budget and I got the car [...] Read More
  • St. Louis Used Cars

    Review Your DealerThey gave me a great price on my trade in and the overall price was very fair according to blue book. I am more than pleased with how the service was here. Read More
  • St. Charles Used Cars

    Review Your DealerFriendly faces and attitudes made all the difference for me from past experiences. They even detailed my suv upon delivery. Great experience. Read More
  • St Charles Used Cars

    Review Your DealerLast summer I purchased a F150  from these guys.  After looking at several local dealerships, I found 5 Star Auto Plaza had the best prices, they had honest sales people and a great selection.  My truck is a great, it runs perfectly and it we absolutely love it!   Read More
  • St. Louis Used Cars

    Review Your DealerRecently after filing for a bankruptcy, our SUV broke down so we need a new family car.  We were really concerned after being turned down by another local auto dealer and our bank for a car loan due to our lack of credit after the bankruptcy.  We were truly elated to find 5 Star Auto [...] Read More
  • At 5 Star Auto Plaza, we believe buyers should have expectations.

    Read More
    Consumer Satisfaction Reward