Is there no way that you can just give him the money and have him pay you back? That way, if he defaults, you don't take the credit risk. Also, if he defaults, you're out no more money than if you had co-signed. Plus, we're back to the liability issue again. If your name is on a loan and it is tied to the car (it will be), you will be sued if anything goes wrong. Why would you want to take that risk if there are other options?
Note, I give you credit (a lot of it) for wanting to help, but even if this guy is a saint, accidents in cars happen all the time. Be careful.
Aye. this is the tightrope I walk. My whole career was about helping others with THEIR problems, without making them MY problems. A distinction dental patients often struggle with.
Sincerely, thank you for your input. We'll get this, one way or another.
