Co-sign question

[Anonymous]

My wife and I are planning to sell our 2005 Excursion. 

My daughter wants to buy it.  We can get around $25k for it.

If my daughter cannot qualify for the loan to purchase it on her own, can my wife or I co-sign for her on the loan?  Or will the fact that we are currently on the title make this not allowed?

BTW, daughter is 21, graduated, employed $34k, but CR is thin an no previous auto loans.

[Anonymous]

If she has a year of employment with her current job she length of employment will not stop her from getting a NFCU approval.

I am not sure if she will get a 25K financing with her income.

yes you can co sign for her even though she is buying the car from you

Does she really want an Excursion? I mean Gas will be going up once the recession is over....

She can probably go online and apply with NFCU, get a laon check sent to her and go from there

[Anonymous]

There would be no problem cosigning that loan. That being said cosigning is bad business. Most likely she can get a note of her own. And I am with usmc - an Excursion? Ouch! My Town Car probably gets twice the mileage.

[Anonymous]

Have the Turbo Diesel.

I track mileage religiously.  Get's up to 21 mpg highway and 16-17 city.  Has 44 gallon tank.  Can get over 800 miles per tank on trips.   So, for a large SUV and 4x4 at that, fully loaded Eddie Bauer with only 62k miles....it's a good rig.

So unless your Town Car is getting 32 to 40 mpg.....nope. 

Message Edited by txjohn on 07-26-2009 02:15 PM

[Anonymous]

I suspect the TD makes all the difference. Makes us roughly equal on mileage. My fuel is less though. The TC runs on rot gut!

[Anonymous]

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@Anonymous wrote:
I suspect the TD makes all the difference. Makes us roughly equal on mileage. My fuel is less though. The TC runs on rot gut!

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In my area I can get the diesel for just bit over regular prices....so not too much premium at present.

@Now, when diesel got to almost $5 per gallon, that made fillups a real event @ 44 gallon tank

Got a friend with the turbo diesel in an F250...he's running bio-diesel.

Message Edited by txjohn on 07-26-2009 04:45 PM