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How can the co-signer be removed from a car loan?


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Wiki User
2010-11-28 22:41:25
2010-11-28 22:41:25

You can try to re-finance the car with a different lender without the cosigner if you've established enough good credit.

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The only option is for the loan to be refinanced without the particpation of the present cosigner.

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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.

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

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No. The only way to be removed as a cosigner is for the loan to be refinanced assuming the lender will allow that to happen.

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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.


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