for your Honda will increase greatly if you bring a cosigner into the picture, especially if you have:
Poor credit score
No or limited credit history
Lower income
When choosing a cosigner, make sure they have strong credit and good income. This person will become financially responsible for the car payment if you default or fail to pay for a month. If the person has a superb credit score, you may even get a better interest rate.
Family members or spouses are ideal choices for cosigners. Choosing a friend may cause a rift in your friendship if they become saddled with your debt.
Once you find a cosigner, don’t stop there. You should also shop around for the best car insurance rates with
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.