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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.

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10y ago

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Related Questions

If a borrower signed a loan for a cosigner is there a way the loan can be changed into the cosigner's name without refinancing?

No.


What rights does a cosigner have to gain possession of the vehicle if he paid off the loan without your knowledge and the title is in your name only?

If a cosigner's name is not on the title they have no legal claim to the vehicle. They can file a lawsuit against the primary borrower to recover money that they contributed towards the paying of the loan.


Is borrowing a horse without permission the same as stealing?

There is no such thing as borrowing without permission. Borrowing requires that the borrower have permission.


As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?

Nope.


Can a cosigner have his name added to the title after 3 years and sell the vehicle?

Not without permission from the owner. As a co-signer, you agreed to financial obligation without benefit of the material property.


What are the consequences if a cosigner on a car loan sells the car without the permission of the other cosigner?

Possible fraud charges.


How long does a cosigner need to be on the contract?

untill its paid off * The other option is for the primary borrower to have the loan refinanced without the participation of the original cosigner.


Can my cosigner take their name off the loan without my permission?

The only way to take a cosigner off of a loan is to refinance it.


If you are financing a vehicle can you remove the co-owner from the vehicle?

Only if you refinance the vehicle without the cosigner on the new loan.


Can cosigner husband to personal loan make changes without cosigners wife's permission plus California?

No


Can your cosigner refinance your car without your permission?

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.


Can a cosigner for a loan be relinquished from repaying the loan?

Only one way, have the borrower consolidate the loans without you being a cosigner. Then the original loans are paid off, and a new loan is made in only the borrowers name.