Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.
Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.
Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.
Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.
Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.
If you go to the registration office with the primary and have them give consent to the cosigner
As long as the title or registration do not have the thief's name on them....and even if the thief's name is a cosigner you should be able to file a theft report. Ask your local registration office or DMV
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.
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
yes.
Only if represented on the registration.
Cosigner just means someone who guaranteed the note. What's on the title? If the cosigner is on the title, he/she is entitled to half of the proceeds of a sale or insurance liquidation because it's the TITLE that determines the ownership, not who paid for it.
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.
In most states, yes, the lender is actually the 'owner' until the loan is paid off and can require that the cosigner be on the title.
Take the title in to your DMV and show it to them, and get a new registration.
The cosigner of the loan owns 1/2 of the property if they are on the title.
No, a cosigner does not have any legal rights to the vehicle, but does have the legal obligation to repay the debt if the primary borrower defaults on the contract. An exception could be if the cosigner is also named on the title to the vehicle, and if so, how the title is worded.