Would you co-sign a car loan...

It would depend how responsible the child was. When I bought my first car at 20 my dad cosigned for because I had no credit. I lived with my parents at that time. I got my second car with out at cosigner.

Yes.  We co-signed for our oldest and luckily, all turned out well.  He is very responsible with his money and never missed a payment.  We just recently co-signed for your youngest.  I definitely had some reservations this time around because he is not as responsible with his money.  I'm still a little nervous about it, keeping my fingers crossed that we made a good decision.  He is still living at home so we can keep close tabs on it for now.

No. Mi don't even do car loans for myself, I most certainly would not encourage my young adult child to put themselves in debt by co-signing their loan.

No way! I have no desire to be responsible for someone else's debt.

yes but I would like to think that I raised my child good enough to pay her bills. my dad co signed for me for my fist car at 17 and then again for my 2nd at 19 when I was 21 I was able to get a car all on my own. It really helped my credit. 

I think I would if they needed me to because they didn't have established credit yet. They would also have to be employed, responsible, and demonstrate they are good with money. 

Probably not.  Even if my child was responsible enough, what if she lost her job?  If she couldn't make the payments, I'd have to.  I would also wonder why she needed someone to cosign?  Would she be buying a car that is too expensive for her?

 

Same here.  I would only do it if they were working fulltime.  I know emergencies come up with cars just die and need to be replaced.  At this point in their life they don't have established credit and will most likely be denied.  Helping them out will also help them establish a good credit score.

We did with one adult child but probably wouldn't do it again. It was definitely a learning experience for her. We were ready to take over the payments and that meant we were also ready to take over the car. With our 10-yr old DD, when she gets of age, we'll probably help her buy a good used car - with cash.