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Krikit, I just went onto Craigslist.org and did a filtered search for "Lexus"+ "$5000" (sold by owners) max price. SEVERAL decent vehicles came up. If you are still agonizing over this decision, maybe tell him you can only afford to "risk" (because this is what it is to you) $5000. He will still get a vehicle and you can move forward. In no way does this kid "need" a $17K form of transportation. He has no context to understand that this is a risk for you. He's a kid, but he needs to be introduced to reality.

"Back in the day" my 2 uncles enlisted in the Navy for WWII at age 17 and off they went. Please stop babying your grandson, you'll help turn him into mush.
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From you

Still agonizing over it...really dont want to

Dont… too much to risk… I would suggest to him that he look for something he can afford…that’s a lot of money for a 19 yr old. Wh6 doesn’t his parents co-sign ? We did for our son, certainly not that kind of money.. my son was working, saved and needed transportation for college..
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Consider the reality that your health may decline in the next several years. If you need to apply for Medicaid, there is a 5 year look back. All the money you spent towards this loan (if any) will be money that needs to be paid back by your grandson, in order for you to receive coverage for long term care. Nobody expects to end up in a nursing home, but circumstances can change so quickly.
I know your heart wants to do something to support him - working 2 jobs is commendable. But listen to your doubts, as well.
There are other ways that you can offer financial support that may be more within your own budget and comfort level.
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JoAnn29 Aug 2022
She is co-signing not loaning. She is only responsible if he doesn't keep up payments.
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No. You should not co-sign.

You know it is a bad idea to do so, which is why you don’t want to.

The lender won’t do the loan without a co-signer because they don’t think he is qualified to pay it on his own. Why should you volunteer to pay it for him?
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