Yes. Anyone over the age of eighteen can get a car and many companies will finance the car for them. If you have bad credit you will pay a higher rate or annual percentage rate (APR). You get a higher rate because it costs the dealership more money to finance a person who is liable for poor payment history or poor credit conditions.
Q: What if there is a Spouse with good credit and the other has bad credit?
I think it should be based off the couple's understanding. If there is one of the two with better credit, it would behoove the couple only to put the person with good credit on the application, making it an individual loan and not a secondary or co-signer.
Q: If you are a co-signer, does it affect the payments?
Yes. It affects the payments. The co-signer does carry a lot of weight; it does depend a little on who the co-signer is.
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