You will also be liable for any deficiency balance
Yes. If you signed the loan, you are still legally responsible for it.
It has the same effect on the credit.
In that case there would be no one with the right of repossession.
When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy
As long as there is a lien on the vehicle the lienholder has the right to repossess the property