Auto Loans and Financing
Co-signing

Can your cosigner refinance your car without your permission?

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2014-05-23 23:36:23
2014-05-23 23:36:23

No. As the one who originally took out the loan, they cannot refinance your car loan without your permission. The only thing they can do (and have to do) is to pay your payments if you default on the loan.

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Related Questions



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


A co-signer is not an owner of the car. As such, the co-signer cannot take the car away from the borrower without the borrower's permission.


The only way to be relieved of the obligation is for the primary borrower to refinance the vehicle.


Yes, the cosigner is partly responsible for the car. Therefor they can take equal ownership or ask that you refinance in your own name so they are no longer liable if you default on a payment. Remember, missing payments will hurt both of your credit histories so they have a right to protect their reputation. * A cosigner has no legal right to any property unless his or her name is on the title, nor can a cosigner force someone to refinance a loan without taking the person to court and receiving a court order directing the primary borrower to take such action.


Yes you can refinance a car.



IF YOU LEGALLY REMOVED THE COSIGNER FROM YOUR CAR LOAN,TITLE AND ALL. IT NOW BECOMES A CIVIL MATTER,WITH EVIDENCE ON HAND A LOCAL SHERIIFF'S MIGHT BE HELPFUL SINCE THEY HANDLE CIVIL MATTERS. I DON'T FORSEE ANY PROBLEMS IN ACQUIRING YOUR VEHICLE.


No they can not because then the cosinger can report te car being stolen. YES YOU CAN AS LONG AS YOU ARE THE PRIMARY OWNER OF THE VEHICLE. THE COSIGNER IS JUST A PERSON WHO HAS MADE AN AGREEMENT WITH THE BANK THAT IF FOR SOME REASON YOU SHOULD DEFAULT ON THE LOAN THE BANK CAN PURSUE THE COSIGNER. BECAUSE THE COSIGNER PRESUMABLY HAS BETTER CREDIT AND STRONGER WORK HISTORY, THUS THE ABILITY TO REPAY THE LOAN. OF COURSE YOU HAVE TO BE OF AGE AND FOLLOW ALL OF THE LAWS WHEN DRIVING.


It depends on what the title says. The title can say "The owner of the vehicle is Name 1 or Name 2." If the title says this then the cosigner has limited rights to get the car. Whoever has the vehicle can sell the car without the cosigners signature. Now if the cosigner has the car, the cosigner can sell the car without the main owners signature. If the title states Name 1 and Name 2, then you have same rights as the main owner of the car. This means if Name 1 trys to sell it, they can't sell it without your signature.


A primary owner cannot refinance a car loan without consent from the co-owner. Both parties must agree to the action.


The only way to be relieved from cosigning obligations is for the primary borrower to refinance the vehicle. And no, if the person's name is not on the car title they have no ownership rights.



No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.


Yes, i am a dealer in sc, people do it all the time


Yes of course you can get a car loan without cosigner if you have bad credit, you have to just find some websites who provide car loans without bad credit and no cosigner simple and fill out the small form there that's it they will contact you within 2 business days.


If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?


Yes, itis possible to refinance your car if your financial situation requires it. If you were to refinance your existing car loan you can substantially lower your monthly payments.


Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.


I sense that this person driving your car without permission is a resident of your household. Without a police report of the theft of your vehicle then the person driving your car, especially if they are a resident of your household and reasonably knew where to find the keys, would have presumptive permission to use the car and your insurance will have to pay.


That actually depends upon what it is that you are using. If you use someone's car without permission, that is called stealing. If you use someone's movie without permission, that is called piracy. If you use someone's body without permission, that is called rape.


If you take a car without permission and the police tow it the owners do have to pay the fee for the wrecker service and the impound fee.


No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.


Yes, you can. Stealing is the taking of something without permission. It does not matter what relationship you have - only that it was taken without permission.


No. However, if they are on your property without permission when they take the picture, that could be considered trespassing.



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