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What happens when you are a co-owner of a vehicle that was used as collateral for a loan by one of the parties and also had a co-signer?


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2004-11-22 08:39:43
2004-11-22 08:39:43

""co-owner of a vehicle"" means you are listed on the TITLE and just that. ""collateral for a loan by one of the parties and also had a co-signer"" IF you are not on the loan, then you are not responsible for paying it. The signor and co-signor will have to pay the loan. However, IF you want/need the car, you may wind up paying the loan just to get the car. Otherwise, you lost your car if it gets repoed.


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