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A cosigner usually makes it easier for the borrower to get approved for a loan. Once you consent to be a cosigner and sign the documents, the loan belongs to you just as much as the primary applicant.The processes of cosigning a car lease and cosigning a car loan are actually quite similar. The cosigner's main role is to help the primary borrower get approved for a car loan. If you have little to no credit history, or if your credit history is less than perfect, you may need a cosigner to qualify for a car loan. As a cosigner on a lease, you're not only helping someone out, you're taking on a ton of risk.