- Centurion Member
- Posts: 251
- Joined: Fri Jun 07, 2013 9:46 am
- Location: Broward County FL
Wouldn't having an auto loan decrease your chances of getting a good loan yourself if you decide on purchasing a car in the future? Once he pays it off it can help your credit, but in the meantime if you decide to get a car I'm sure the bank will ask you how you expect to pay off two cars.
You're taking on a large liability. I've started building my credit to become credit worthy by the time I decide to buy a car. Save your credit since the auto loan will affect your ability to request CLIs and apply to new CCs as well.
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