On occasion, customers will not be able to qualify for financing on their own. This can give way to the manipulative, shady tactic by a car salesperson to try to get customers to have their friends or family members co-sign. The catch here is that the car salesperson will usually inform the co-signer that they’re only signing on as a reference to help the primary car buyer.
This is completely untrue. If you ever consider co-signing for a friend or family member who wants to buy a new car, don’t forget that you share in the responsibility for paying off the car's debt. In a worst-case scenario, you could end up being sued if the primary car owner fails to make good on their payments.