Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Hi,
I was going through the auto loan application online and is the Co Applicant the same as a co signer? If not how do I go about having a slot for a co signer on the auto loan application?
Thanks,
Geoff
You should call them during business hours to discuss.
Normally a co-applicant is not the same as a co-signer. The difference lies in who benefits from the loan. The co-applicant shares liability and the proceeds from the loan, the co-signer just shares liability.
That's what I thought. As I saw the definitions on the USAA page however I wanted to see if there was a cosigner location on the online application. As I am trying to purchase another car but my own credit is newly built, hence the need for a cosigner.
Dear GBradbeer,
I have your question in to an expert and will update when I have an answer! Thank you for posting!
Briana,
That really didn't answer his question "If not how do I go about having a slot for a co signer on the auto loan application?".
My take based on your response is that USAA doesn't allow someone to co-sign, they have to be primary/co-applicant. There is a difference.