Our Mazda financial services team is here to help you with all of your financing questions, including information about co-signers. Depending on your financial situation, you may need one to finance a car. Learn why you might need to name a co-signer before financing a vehicle at Peruzzi Mazda today.
Your Credit Score Isn’t High Enough
One reason why we may require a co-signer to finance a car is if you don’t have a high credit score. Having a good credit history is a good indicator of your borrowing potential, and it puts us at ease regarding your loan. If you have low marks on your credit report or you have a history of lapsed payments, we may determine a co-signer is required.
Your Income Isn’t High Enough
Even if your credit score looks good and you have a flawless repayment history, you may need a co-signer if your income is too low. We want to make sure you aren’t applying for any loans that will severely impact your monthly income. Thus, we’ll ask for a co-signer to help you alleviate that debt.
You’re Worried About Your Financing
Even if we don’t require you to add a co-signer, you may feel safer adding one to your payment plan. We’re happy to facilitate that, so long as your co-signer agrees to the terms and conditions. Make sure you inform us that you’re planning to add a co-signer when you apply for financing.
Visit Our MAZDA Financial Services Department in Fairless Hills, PA
If you’re not sure whether you should add a co-signer to your financing plan, let our Mazda financial services team help you out. Contact Peruzzi Mazda today to learn more about your financial situation.
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