DS is upset with us for providing too much.

[Anonymous]

The landlord wants to ensure your kid has a history of paying his bills. Oh right, he has no bills. Sorry, the electric bill doesn’t count. Just co-sign on this first rental.

[Anonymous]

Not a big deal Op. Your story's interesting, Op. That's all. You do more harm overthinking this and putting-up with any attitude from your son if he's being ungrateful.

[Anonymous]

He’s lying. I had this exact issue when I went to lease a car for the first time. It just took an extra phone call and iirc a tax return.

[Anonymous]

Meh, so he doesn't get the best rate for a first time car loan, so what? There has to be a first time for it... DH and I bought our first car in cash and had a mortgage when we needed to buy a second car and we didn't get the best rate because we had never had a car loan before. We also had excellent credit scores. So it sucks but he'll get a better rate next time, assuming he pays it on time.

[Anonymous]

Anonymous wrote:Meh, so he doesn't get the best rate for a first time car loan, so what? There has to be a first time for it... DH and I bought our first car in cash and had a mortgage when we needed to buy a second car and we didn't get the best rate because we had never had a car loan before. We also had excellent credit scores. So it sucks but he'll get a better rate next time, assuming he pays it on time.

To add: Can he also put down more than his current plan? That may also lower the rate and even if it doesn't, he'll pay less overall, as it will be over a shorter period. (But will help his history for next time.)

[Anonymous]

he's 30 and doesn't have 32 K to buy a car when he has had all these years of no bills? WTH

[Anonymous]

You coddled him too much - you know it; I know it, even the dog knows it. He's whiny, and you are whiny. Cut the cord, and move on...

[Anonymous]

Anonymous wrote:Financing offered by the dealer is super sketchy and not subject to much oversight. A car dealer is not equiped to advise you on finances. He needs to get a loan from his bank.

1. What? Captive finance arms almost always have the best rates
2. I would never trust a bank or CU to advise me either - both are trying to sell you their products

[Anonymous]

Anonymous wrote:It makes no sense that he has an 800 credit score but can't get the best rate. Something doesn't add up.

You get a great credit score by having credit history.

Agree, the OP makes no sense. Some troll hypothetical from someone who doesn’t know how credit scores are created.

[Anonymous]

Anonymous wrote:OP here - he didn't want help from us on buying the car.

His therapist told him that his situation is a failure to launch situation because he's been too reliant on us, his parents, for the "large adult things."

That's why he's very focused on buying a car on his own.

Therapy for what?

[Anonymous]

My 25 year old daughter, who has a 740 credit score, was able to lease a $27k car with a 2% apr. She only has 2 credit cards. With your sons credit score of 800 he should have been able to get a much better rate than 9%.

[Anonymous]

Anonymous wrote:You coddled him too much - you know it; I know it, even the dog knows it. He's whiny, and you are whiny. Cut the cord, and move on...

NP
I need someone like you in my life from time to time

[Anonymous]

The dealer is trying to take advantage of him. Just tell him to go somewhere else for a loan. I guarantee the dealer will magically drop their rates.

[Anonymous]

He should put your maiden name down as the landlord and when they call you for a reference you don’t have to mention he is your son. Just say he was a good tenant who never had any over due bills.