Insuring a street bike?

vrizzo53 · 03-09-2016, 12:26 PM

Thanks for all the input I read every single post and took everyone one in our account, like I said I'm not longer insuring him. I will still co sign the loan, he can't sign for it himself because his credit isn't established now a days you need a cosigner to even get a foot in the door... I'm not worried about him skipping... he has money that he inherits I'm not worried one bit about him skipping on the payments...he will have it paid off in a few months... he just got a SC on his 300srt Chrysler so that's why he needs a loan for this. He should have it paid off with in 5 months. Thank you all again God bless. Again I appreciate all the information and input from each and everyone of you

JARblue · 03-09-2016, 04:30 PM

Quote:

Originally Posted by vrizzo53

I will still co sign the loan, he can't sign for it himself because his credit isn't established now a days you need a cosigner to even get a foot in the door... I'm not worried about him skipping... he has money that he inherits.

Check that the payment is made by the due date of every month and pay it if it is not already. This will save your credit in case something happens and your cousin flakes.

Rusty · 03-09-2016, 05:43 PM

The other thing is if he is late on making payments. That goes against your credit rating.

vrizzo53 · 03-09-2016, 10:57 PM

Quote:

Originally Posted by JARblue

Check that the payment is made by the due date of every month and pay it if it is not already. This will save your credit in case something happens and your cousin flakes.

Yeah that's all, I'm going to do exactly that hopefully I can monitor it online if not I have no problems calling once a month.

03-09-2016, 05:43 PM	#3 (permalink)
Rusty Ronin Samurai - Assassin Join Date: Dec 2011 Location: Fayettenam,Pennsyltucky Age: 69 Posts: 35,430 Drives: 2011 Nismo GM 6M Rep Power: 2684438	The other thing is if he is late on making payments. That goes against your credit rating. __________________ 浪人 - 殺し屋 "The Difficult Anytime, The Impossible By Appointment Only" http://www.the370z.com/members-370z-...o-journal.html

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03-09-2016, 12:26 PM	#1 (permalink)
vrizzo53 Base Member Join Date: Sep 2015 Location: Jersey Posts: 70 Drives: 2013 370z Touring Rep Power: 10	Thanks for all the input I read every single post and took everyone one in our account, like I said I'm not longer insuring him. I will still co sign the loan, he can't sign for it himself because his credit isn't established now a days you need a cosigner to even get a foot in the door... I'm not worried about him skipping... he has money that he inherits I'm not worried one bit about him skipping on the payments...he will have it paid off in a few months... he just got a SC on his 300srt Chrysler so that's why he needs a loan for this. He should have it paid off with in 5 months. Thank you all again God bless. Again I appreciate all the information and input from each and everyone of you