Financial Dispute: Sister Refuses to Co-Sign for Brother’s Luxury Car
A recent post on Reddit’s ‘Am I the A——?’ forum reveals a family disagreement over a car loan. A woman shared that her brother is upset after she refused to co-sign for a new luxury vehicle, due to concerns about his financial history.
The OP (Original Poster) explained that her brother, who already owns a Mercedes, wanted to upgrade to a larger model suitable for his child. However, she expressed reservations, citing his past financial struggles, including previous car purchases and bankruptcy. She shared that he has “wasted so much money on different cars” over the years.
“As much as I want to be a good sister and try and help him out, I told him no as his financial track record is concerning,” she added.
The woman describes herself as a school teacher who is financially responsible, stating that she has student loans but manages her finances well. She clarified that she is saving to buy property and that co-signing could negatively affect her credit. The brother, who the OP states has a “great job” and “makes good money,” didn’t understand her position. Despite her explanation that she has her own financial obligations to meet, the OP said he “couldn’t comprehend my reasoning and sort of just scoffed it off.”
Reddit users overwhelmingly supported the OP’s decision. One commenter wrote, “If the bank who has billions of dollars won’t ‘risk’ him paying them back, then why would you, who presumably has less than billions of dollars. Definitely do not co-sign.” Another user added, “He’s clearly already ruined his own credit… Under no circumstances should you allow him to ruin yours… Stay strong and protect yourself.”
The post highlights the challenges of navigating family relationships when financial matters are involved. The situation underscores the importance of financial responsibility and the potential consequences when personal finances are not properly managed.
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