Not as a cosigner unless they are on your insurance. Or if you are the parent and they are your dependant. Either way you COULD be sued but you would win regardless. Y-THINK-Y
Nope.
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
No. You are only cosigner on the one vehicle you signed for. All bets are off once the car is traded.
Easy, you can check your own credit report OR go to a registries office and do a quick search. A simpler method is to ask the person that is the primary borrower/buyer or call the lender. Either a cosigner or co-buyer can be listed on the title depending upon the agreement made by the persons involved. The title to a vehicle determines ownership, a cosigner generally has no vested interest in the property only the responsibility of the debt.
No, a co-signer has no legal right to a vehicle unless they are on the title.
Not as a cosigner unless they are on your insurance. Or if you are the parent and they are your dependant. Either way you COULD be sued but you would win regardless. Y-THINK-Y
If you were driving someone elses vehicle and involved in an accident whether it be fatal or not then the person who owns the vehicle should have insurance on it and then the accident would be covered on that policy but if it goes over the amount that they have then its possible for yours to kick in and pay any extra.
If there is no other vehicle involved in the accident, then the only person who can be at fault is the underage driver.
Yes they can.
Nope.
Debit loss of motor vehicleCredit vehicle account
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
If the car that was involved, in an acident was insured yea!
If involved in an accident in the United Kingdom, you are entitled to compensation to cover the price of your vehicle and personal injury. You merely have to have photos of the damage to the vehicle and/or personal injury.
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
Only if the cosigner is also named on the vehicle title.
Keep still & not move