I am 26 years old. I have never had a credit card, or anything, for that matter, to establish any sort of credit history. I never had anyone to tell me these things would be a huge deal one day, when I need to buy a car and can't get even a used car without a co-signer because I have no credit history and the dealership (or the bank they deal with) won't let me do it without someone else who already has established credit to cosign for me. I have a great job and I have money! It doesn't make any sense to me. My car is about to die, as in it is probably going to die within the next month. It is VERY old and the only reason it has lasted me this long is because I took very good care of it. My dad gave it to me when I was 16, so 10 years it lasted.

Who do I get to cosign for me? I don't have family. Is cosigning a huge, huge deal when it comes to things like this? I imagine so, because technically if I didn't make my payments the cosigner would be responsible or it goes on their credit, correct?

How crappy. I don't know what to do. Help!!

I'm on the same boat your on my mom gave me a car and the engine sounds like a firecrackers popping too fast really lound and people keep sasying it will blow I got a good job don't pay rent and go to college. So I have money to make a downpayment and money for monthly payment up to 130 a month I need a co-signer the car I want is not even expensive it used. My mom is being so so weired.

How things have changed. I wasn't much older than you when I bought my first car (I too had been given one by my parents), and got a used one from a dealership, with no credit, and easily got a loan. I had a decent job, not a "great" one.

Yes, co-signing can be a big deal because they end up with the same responsibility you have. But if things are going well, you may be allowed to release the co-signer at some point.

Your boss? That's who knows best how much you make and whether your job is secure or not. This works better if you're working at a small company where everyone knows everyone pretty well. I had a boss co-sign on an apartment once, and another supervisor who offered to do it as well. (My dad wouldn't do it.)

It has to be someone who trusts you... you need to start thinking through everyone you know.