Unless you were physcially threatened into signing, it is highly unlikely. How in the world could you be tricked? You of course read it before signing, and knew exactly what you were signing. If not, you should have. Ignorance is no excuse under the law.
Yes, I have regretted cosigning a car loan for my ex.
Until the lease is satisfied or the vehicle surrendered, you can't. You guarantee the loan if the primary cannot pay for it.
No.
There is not a strict set of requirements for cosigning. You will need to be over 18 and the lender will need to believe you are a good credit risk. This is based on your credit score. You should be concerned with the obligations cosigning a car loan will create for you. See the Related Link for "Experian: Advice on Cosigning a Loan" for info on this.
There is not a strict set of requirements for cosigning. You will need to be over 18 and the lender will need to believe you are a good credit risk. This is based on your credit score. You should be concerned with the obligations cosigning a car loan will create for you. See the Related Link for "Experian: Advice on Cosigning a Loan" for info on this.
Cosigning for a car means agreeing to be responsible for the loan if the primary borrower cannot make payments. To cosign, you typically need good credit and a stable income. Contact the lender, fill out paperwork, and understand the risks involved before cosigning.
Cosigning a car lease involves the risk of being financially responsible for the lease if the primary signer fails to make payments. It also affects your credit score and could limit your ability to take out loans in the future.
Yes. They probably let you drive off PENDING credit approval. Happens all the time. They wanna wait for you to fall in love with the car, then get your family in debt by cosigning a higher rate loan.
No. The only way to change co-signers is to refinance the vehicle.
If the car that the dealer delivers is not the car that is identified in the contract, then the DEALER is in default, not you.
A car loan is a contract. A contract can only be modified (unless declared illegal or void) with the agreement of all parties, so - no - the cosigners can not remove themselves without your approval.
If they both signed the contract and were legally able to enter into a loan contract no names will be removed. All signers remain equally responsible for the loan until it is paid off.