The cosigner on an automobile loan is not the person who has to pay for insurance on the vehicle. The registered owner should pay the fees for insurance. However, it is the cosigner's responsibility to make sure the registered owner is carrying insurance for the vehicle.
By co-signing the loan, they are guaranteeing that you will repay the loan. They do not need to be on the auto insurance policy, but it would be in their best interest.
Most freshman will in fact need a cosigner for loans. The need of a cosigner is dependent on how much good credit history the student has available. So, if for example the student was in their late 20's and had successfully paid all debt prior they would not need a cosigner.
if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner
If you need a cosigner for the loan because of bad credit, it means you can't afford the car.
If you need a cosigner they must sign because a co-signer is a person who accepts responsibility for repayment of a loan, credit card or other debt along with the original borrower. However, if the institution giving you the new loan doesn't require a cosigner, you don't need to have the cosigner on your original loan sign anything.
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
Typically, replacing a cosigner on a lease would require approval from the landlord or property management company, and they may have specific criteria for accepting a new cosigner. It's best to contact the landlord or property manager directly to discuss the possibility of changing the cosigner on the lease.
You will need to check your insurance policy for the details of liability. Contact your auto insurance company for clarification and also take notes of the conversation including whom you talked to for later reference. The policy is the document of reference in any dispute.
That is an issue between the mortgage company, the buyer and the cosigner. The seller's only worry is selling the property and getting paid.
You don't need a license to get a loan. Your credit rating will determine whether you need a cosigner or not.
usually over 680
No, first time renters do not generally need a cosigner. They may if they are young like 18 years old or have credit or financial issues.