Quote:
Originally Posted by Chuck33079
Don't cosign the loan for christs sake. Ever. If they can't get a legit loan on their own, why in the hell would you tie your credit to them? It's nice to want to help out family, but you're making a big mistake.
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If he can't make the $100 monthly payment. You will have to. And if he can't make the monthly payment, what makes you think he can make the insurance payment. No insurance and he crashes, bye bye money out of your pocket. He'll walk away, and leave you with a bike payment and a crashed bike. One of the things I learned in life. NEVER loan money to a relative, co-sign for them, or post bail for them.