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Can a cobuyer refinance a auto loan and remove the buyer from loan?


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Answered 2007-02-09 06:38:55

Buy cobuyer I wonder if you mean cosigner on a loan. If this is the case then the answer is no. As a cosigner you are simply agreeing to pay the loan if the person who took it out does not. It is in his or her name and you are responsible for it if they do not pay it.

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Can a buyer remove a co-buyer from auto loan?

Well, it depends how the title was written. if it says buyer "or" cobuyer you dont need the other persons signature for anything .... if its written with "and" between your two names, u will have to have both people present to complete any removals or transfers. That or you can have the cobuyer sell u the car. They will still need to be present though.


Who is responsible for the auto loan buyer or cobuyer?

If the buyer does not pay the loan, then the lender comes after the co-signer. Late payments affect both credit reports. Most recommendations are not to co-sign a loan.


Can the primany buyer of an auto loan refinance the auto loan in the cosigner's name only?

No. The cosigner would have to apply for a loan in their name using their credit, income data.


How can refinance my auto with a better interest rate?

You ca refinance your auto with a better interest rate at www.carbuyingtips.com/refinance.htm. Another good site is www.creditprovider.com/auto-refinance-basics.asp


Where can I find more information about auto refinance calculator?

Here is a site that will help you learn more about an auto refinance calculator and how to use one. http://www.refinanceitt.com/auto-refinance-calculator.php


Your ex has filed bankruptcy and you are a cobuyer on the auto loan what will happen now?

You will be responsible for the loan payments


Does credit acceptance refinance auto loans?

Does credit acceptance do refinance


Where can one refinance their auto loan?

One can refinance their auto loan at any bank. One simply has to apply for an auto refinance loan. It is important to compare all of the available options; that way a lot of money can be saved.


How would you refinance an auto loan?

You can refinance an auto loan at any place you can get an auto loan. It may be best to use an agency in which you have already gotten a loan through before.


Where can someone find an Auto Loan Refinance Calculator online?

One can find an Auto Loan Refinance Calculator online at Lending Tree or PNC. One could also find an Auto Loan Refinance Calculator from Nationwide or NFM Lending.


What are some benefits of auto refinance?

The biggest benefit of auto refinance is that it can allow you lower monthly car payments. Auto refinance can give you a better interest rate on your car loan, which can be extremely beneficial in saving you money on paying your car off.


Who is the Best auto refinance company?

HSBC


What is a good auto refinance interest rate?

A good auto refinance interest rate is about 3.00%. You can find the best rates at www.premierdebtsolutions.net or financial.WellsFargo.com/autoapp


Are auto refinance calculators reliable?

Yes they usually work, here is a website: www.freecreditscore.com/OfficialSite, www.roadloans.com/RefinanceNow, www.refinanceitt.com/auto-refinance-calculator.php


What are auto refinance loans?

Auto refinance loans allow you to refinance your previous loan taking into consideration how much you have already paid on the vehicle. This generaly reduces the monthly payment as you are paying on the reduced auto price, but it will increase the interest paid as you will be prolonging your loan.


Is it easy to refinance an auto loan?

Getting a refinance auto loan can be hard or easy for some people, because it depends on your credit status. If your credit score has improved since your last car purchase, you have great chance of getting approved for a refinance auto loan.


Can you refinance an auto loan before a year?

yes - you can refinance an auto loan at any time. You will want to make sure you current bank does not charge a prepayment penalty though.


What is the purpose of a refinance auto loan calculator?

The purpose of a refinance auto loan calculator is that it helps you to find out if you can afford to change your loan terms. It will tell you what your new monthly payments will be.


Do auto refinance loans generally come with high interest rates and how do I qualify for one?

Auto refinance loans do typically have higher interest rates than new purchase loans. You can get refinance loan from many major banks and credit unions.


If the cosigner is refusing to refinance or pay the auto loan off how could the primary person on the auto loan remove his or her name?

They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.


Where can one find information on how to refinance auto loans?

When looking for information on how to refinance auto loans, the best place to get that information is from banks. Banks offer refinancing loans for homes and automobiles.


Whats the best place to refinance an auto loan?

Bank of America (BAC) offers auto loan refinance programs with interest rates as low as 3.74%. Also bankrate offers a calculator to figure auto loan payments.


Is it possible to refinance an auto loan?

It is possible to refinance an auto loan. Refinancing offers the opportunity to lower your interest rate and save money over the term of your loan, which lowers your monthly payment.


I live in Anchorage, Alaska, what kind of interest rate can I expect for an auto refinance loan?

It depends upon the company, suppose if you are opting for HSBC Auto refinance, then the interest rate is too low.


Can a primary buyer have a co buyer removed from an auto loan if the co buyer was never needed to get the loan?

That will be up to the LENDER.