Most would say yes, Sara, you are stupid. If it were a friend asking me this same question I’d say, yes friend, you are stoopid.
Basically, co-signing on a loan together means that you like the other person enough to accept his or her financial responsibilities whether you can afford them or not. And if that’s not an opportunity to say ‘yikes-o-rama’ I don’t know what is.
Of course, I’m not asking my boyfriend to pay for my brand new beautiful blue car. All I wanted was the best deal possible and the way to do that was through co-signange. So here we are a happy couple with a new level of commitment under our wings. I’m a little scared, I won’t lie.
But then I read this auto advice article by a blogger at Accurate Auto Advice. Don’t get me wrong, I don’t want my boyfriend to ever be an “ex,” but I’m also realistic. Anything can happen and I need to be looking out for myself. According to the article, I’m OK. If (and only if) things don’t work out, there are ways to renegotiate the deal without being linked to each other forever.
Vroom. Vroom.
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