kate
 |
Loans are about the math ,
About the ability to pay ,
About your job / income & current debts / liabilities .
They do Not care if you are living with mom .
> |
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DAS
|
No, it would help if you have some longevity living at this address. |
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private
 |
No. They just want to know, how much money you make.$$$
They may want daddy to co-sign, if you have no credit. |
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Luiggy R
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no it would defiantly help, to them its just less bills and more money for them to charge you and help establish a determination along with your credit score |
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cardog
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No, it helps.
They will still average out at least $250.00 month you pay your parents.
Its alot cheaper this way. |
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Thomas E
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No, the place where you receive your loan does not care where you live - only that you can repay the loan.
However, if you are under 25 years old, DO get on your parents' auto insurance policy if they agree to this. You will get a MUCH better rate if you do.
And again: PLEASE NEVER respond to any "offers" you get on Yahoo! Answers. I'll wager dollars to donuts that they are ALL scams. |
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Tattooed Phreak™
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No, it really doesn't matter either way. The banks go mainly on credit score. If your score is good it doesn't matter where you live. If your credit is low every thing CAN matter. |
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Jenny C
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Depends on your net income as compared to amount of your loan. You don't want to put down you are paying rent if that will then leave only a small percentage remaining for your car loan. They want to know that you can always keep up your payments. Your auto loan should not amount to more than 20% of your income. Be sure that what is remaining will easily cover all your other expenses before you decide to add in rent as a payment obligation you also have if you decide that is what you want to do. The fact that you actually live with your parents will not hurt you at all. I find it is best to tell the truth whenever possible. |
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Tommy
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No, because it would show that you have one less expense. |
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gza77
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it really depend on your credit score but it will help if you dont say you live with your parents say you rent and how much you pay because this can work in your favor on the car payment you dont want too high or to low but in between |
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Brown eyes
 |
no but it will hurt the insurance. |
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D-Rod
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i dont know |
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