<prompt> Human: Im under a lot of pressure with a situation, and need some adviceviewpoints on what to do.My father made some unbelievably foolish decisions with his finances and his credit is fucked up. He missed several payments on his last car and they repo-ed it. Now hes got a repossession on his credit. Now he needs a new car but cant get approved for a loan, omg.Hes asked me to step in and buy one for him. Hed be making the payments but the vehicle would be in my name and my credit.Im not sure if I wanna do that. I make a big salary my annual income as an individual is higher than the household income for my state. But he is a severe credit risk, obviously.If he stopped making the payments on the car, the creditor would come after me and devastate my credit as well. Just even applying for a car loan would lower my credit score, before we even consider whether Id be approved.Id dont know what to do or what my options are and am struggling with the decision. Its a tough spot with him being my father.What are my options? Assuming I did help him, what ways could I minimize or eliminate the risk to my credit? Are there alternatives to me buying the vehicle for him with me as the sole owner on the paperwork? Could I share the risk and be one of multiple people co-signing for him?Appreciate it.Assistant: Maybe dont buy him a new car and loan him the money for a reliable used one that is affordable for him, keep the car in your name until its paid off. Have him sign a contract with you saying he agrees to make X amount of payments for X amount, one missed payment and the car goes back to you and you sell it. I Honestly would never co-sign on a loan or take one out in my name for anyone, they obviously cant get a loan for a reason and the chances of you being stuck with that loan are extremely high.Human: Maybe dont buy him a new car and loan him the money for a reliable used one that is affordable for him, keep the car in your name until its paid off.That seemed to be what he was suggesting, a cheap inexpensive one, but Im hearing you say even that would be a bad idea?Assistant: Well if you can afford to buy a cheap one with cash then your credit wont be on the line.Human: No, I dont have quite that kind of money  <response>: Then I would tell him no 