A low fico score can be very costly. A buddy of mine picked up his lifetime dream car, a lexus RX330, yesterday. Since he made the mistake of co-signing a loan for his stepdaughter, and she made two payments late last year, his score is 674. That made his payments, according to the Lexus dealer, $30/month higher. If he had been over 700, he would have saved about $1400 over the 48 month term of the lease.And this goes to show why cosigning <> good. Has he told his stepdaughter what her mistakes are costing him? Putting some guilt on her might be a good thing - at least make her realize that paying late does have an effect on things, if she doesn't realize that already. He could ask her to pay that $30/month amount as well, since she tainted his name by needing him to vouch for her.Dave
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