Sharlene Moretta

Question: What are the risks with Co-signing on a car and putting insurance in my name for a bf?

My daughters father needs a new and wants us to get it together. I would be co-signing on the car and the insurance would be in my name. It would mainly be his car, I would only pay $100/month on the insurance. I'm very hesitant about doing this as a) our relationship is rocky b) he has a bad record...many tickets/fines to the point where he could not get approved for insurance c) I dont want to get screwed over. He's pretty upset that im saying I dont want to, and is complaining that he cant rely on me, but I feel im protecting myself and my credit. So what exactly are the risks, and how can I get him to understand why I'm saying no?

BEST ANSWER: Try this site where you can compare quotes from different companies: INSUREINFO.US