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Old 01-18-2010, 11:48 PM   #6 (permalink)
Zaggeron
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I don't think you build credit as a co-signer with your dad as main. Even with good credit used car loans have a higher % than new. You dad should be able to get a good rate though. Try plugging some numbers in the calculator here and see what comes up

Auto loan calculator, car loan payment calculator by Bankrate

E.g. 15,000 & 5% for 60 mo. = $283 ... it goes up about 7 dollars per full % point

At 5% the payments go up around $19.00 per $1000
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