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Can you get a car loan under your name with a parent co-signer and the car insurance under the co-signers name?
I am 18 and live in california. I want to take a bank loan for a car with my mom as a co signer. Will the bank make me put the title in my name? I want to be on my moms insurance cause I think it will be cheaper for me,being I'm male. Will I still be allowed to be on my moms policy at those better rates?
1 Answer
- Uncle BoLv 79 years agoFavorite Answer
The title will be in both your names, you first her second.
You will have to be on the insurance policy as a named driver. Again, in both your names. The lender wants proof their car is insured if its going to be yours.