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Can a cosigner purchase a new vehicle even though he has co-signed?
Wiki User
∙ 17y ago
Yes. A cosigner can purchase as many vehicles as a lender well allow. Of course it depends on your income and credit rating as to whether or not the lenders will extend you any more credit. The loan you cosigned for is on your credit and will be taken into consideration when the lender looks at your credit to determine your elligability for a car loan.
Wiki User
∙ 17y ago
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Do you need to be on the insurance for a car you cosigned for if the other cosigner has full coverage?
If the vehicle is insured and you do not ever drive it you wouldn't be required to be listed on the policy as a driver. Most companys though may want all 'owners' listed, for numerous reasons.
Can a cosigner take away your car even though payments are not delinquent?
No. Unless the cosigner is also a title holder they have no legal rights to the vehicle.
You are the primary owner on a vehicle you owe 700 on the loan and the cosigner decided to take the vehicle even though they havent made any payments can they do that?
Two things to consider here: First, the cosigner is an equal owner of the vehicle regardless of whether or not any payment has been made by him. This is a matter of contract law. Second, and typically in cases where payments are not current, the cosigner/co-owner can take possession of the vehicle to protect his credit if his intention is to surrender the unit or to make payments current.
If you cosigned a loan and then went bankrupt and the original loan person skipped on the loan are you now liable as the cosigner even though you went bankrupt before?
Yes you are still responsible, especially if you didnt put it in your Bankruptcy, Any obligation you dont include you are still responsible for
If you cosigned for a vehicle with your husband before you were divorced and are now divorced and the vehicle is repossessed can you be charged with grand larceny?
No, repossession is a civil action not a criminal one. You can be held financially responsible for the debt, though, regardless if the divorce petition states otherwise.
How much to license a car in Colorado?
Depends on the purchase price, vehicle class, and assessed value of the vehicle. I can tell you it won't be a bargain, though.
Will Anchor Bank finance a new vehicle purchase?
"Yes, Anchor bank is an offshore bank in the United Kingdom. If you live in the UK then yes you can get a loan to purchase a new vehicle. You need good credit though."
Where can an American purchase a Mazda vehicle even though they have bad credit?
In 2010 Mazda made an announcement that they were to launch a Certified Pre-Owned Programme which would allow customers with poor credit to purchase a vehicle.
Can a collection agency garnish your wages if you cosigned on a student loan?
Yes they can. I have good news for you though. If you can get the borrower to consolidate the loans without your name as a cosigner, then you will be off the hook. I only know of one company that specializes in consolidating loans for borrowers that are in default, they are Default Management Services, Inc. You can Google the company name and get the phone #. Ask for Doug, he is knowledgeable.
Your dad passed away he owes money on his car?
In this situation (at least in california), if the RO (registered owner) (or the cosigner) dies and still owes on the loan the vehicle will be repossessed because the title to the vehicle cannot be legally transfered to another family member. The loan is only for one person. My girlfriends mother cosigned on the loan to the car, and being that the mother is old, i told my girl to make sure that at any time she might have to pay off the vehicle. If the RO dies, pay the car off as soon as possible, before the Finance company finds out. As a repossessor , usually people in this situation arent sure what their rights are. Sometimes people will continue to pay on the loan, but in time, the finance company will find out. THis usually happens when a 3rd party will insure the vehicle in their name, or if an accident happens, etc. Check your states law though, because they are all different.
Where can one purchase a used BMW 2002?
A used 2002 BMW can be purchased at a BMW dealership. This would depend on the availability of that vehicle though. If none are available on the market, one cannot find one to purchase.
Where can you apply for tuition loan as the student without cosigner help?
You should talk to your college's Financial Aid office, who will be able to direct you to potential loan sources which may not need a cosigner. Most students are not going to be able to get a loan without a cosigner unless it's something like a guaranteed student loan, in which the government is effectively your cosigner. You will need to qualify for a GSL, though, and your financial aid office will help you with that.
