Guarentar

Remlapeel

Hello, I would like to get a new car as I crashed mine yesterday thanks to ice. I am able to get car finance, however I need a guarentor. The only person who can help me is my grandad. He is 80 next year. Should this be a probelm?

Thanks :beer:

CLAPTON

if you are unable to pay the car loan, is he able and willing to pay in full instead?

Remlapeel

not really, but he trusts me to keep up with my payments. so he is willing to be guarentor. but i was worried if they would accept him because of his age. he is a homeowner.

CLAPTON

in that case its would be grossly irresponsible of you to ask him

buy a cheap runabout until you have saved enough to buy what you want

-trust doesn't come into it... you may be unable to pay through no fault of yours but he would be legally accountably for the debt

Remlapeel

If something like that happened we would just sell the car and pay off the loan. I just want to know if he will be considered because of his age.

~Brock~

Remlapeel wrote: »

If something like that happened we would just sell the car and pay off the loan. I just want to know if he will be considered because of his age.

I doubt it. I would view accepting an 80 year old as a guarantor as completely irresponsible behaviour by the lender.