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yes, as co-signer you only guarantee the loan in case the primary defaults, they own the car.

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19y ago

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Related Questions

Can a cosigner come and take your vehicle for personal reason?

The cosigner is not able to come and obtain your vehicle for personal reasons or any other reason. A cosigner is not claiming ownership of your vehicle, they are simply vouching for your credibility and agreeing that if payments aren't made that they will uphold the responsibility.?æ


Can a minor obtain a loan with a cosigner?

Yes, a minor can obtain a loan with a cosigner, as the cosigner takes on the responsibility of repaying the loan if the minor fails to do so.


If the cosigner is refusing to refinance or pay the auto loan off how could the primary person on the auto loan remove his or her name?

They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.


How do you get a title to a car without sellers signature?

can i obtain a abandon vehicle in California left over a year


What rights does a cosigner have to gain possession of the vehicle if his name is on the title in west Virginia?

Equal rights of the signer. You may need to obtain an order from a court to do so.


What are the requirements for obtaining cosigner loans?

To obtain a cosigner loan, you typically need a cosigner with good credit and income to guarantee the loan repayment in case you default. The cosigner's financial stability helps you qualify for the loan and secure better terms.


What type of insurance should a cosigner obtain on a car?

The insurance reuire by your lender.


When a cosigner is needed to obtain an auto loan do he need to be on the title?

I am able to take a loan out against my vehicle and have a co-signer and was told by the bank that this does not mean that my co-signer can have my vehicle nor their name on the title but just that they get to repay the loan if I do not. I hope this leads you in some direction.


What are the requirements for obtaining online loans with a cosigner?

To obtain an online loan with a cosigner, you typically need to meet the lender's credit and income requirements. The cosigner must have good credit and be willing to take on responsibility for the loan if you are unable to repay it.


What are the requirements for obtaining a loan with a cosigner?

To obtain a loan with a cosigner, the primary borrower typically needs to meet the lender's credit and income requirements. The cosigner must have a good credit score and sufficient income to cover the loan payments if the primary borrower cannot.


What are the requirements for obtaining an auto loan with a cosigner?

To obtain an auto loan with a cosigner, you typically need to meet the lender's credit and income requirements. The cosigner must have good credit and be willing to take on responsibility for the loan if the primary borrower fails to make payments.


What is the process for obtaining a cosigner service for a mortgage?

To obtain a cosigner for a mortgage, you typically need to find someone with good credit and income who is willing to sign the loan agreement with you. The cosigner's financial information will be evaluated by the lender, and they will be responsible for the loan if you are unable to make payments.