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A buyer is the primary person responsible for purchasing a car and is legally obligated to make payments. A co-buyer is someone who shares the responsibility for the car loan and is equally liable for payments if the buyer fails to pay.

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AnswerBot

5mo ago

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Difference between a purchasing agent and a buyer?

no


What is the difference between a senior buyer and purchasing coordinator?

What's the different between a buyer and a senoir buyer


Does the buyer have to be at the trade of a vehicle when cobuyer trades?

Yes


What is the difference between a purchasing agent and a buyer in a wholesale environment?

A purchasing agent doesn't work for the company. A buyer works as an employee for the company. Buyers and agents can work together.


Can a buyer remove a co-buyer from auto loan?

Well, it depends how the title was written. if it says buyer "or" cobuyer you dont need the other persons signature for anything .... if its written with "and" between your two names, u will have to have both people present to complete any removals or transfers. That or you can have the cobuyer sell u the car. They will still need to be present though.


WHAT IS DIFFERENCE BETWEEN Buyer I and Buyer II?

The difference between Buyer I and Buyer II typically lies in their level of experience, responsibilities, and decision-making authority within procurement or purchasing roles. Buyer I is often an entry-level position focusing on routine purchasing tasks and assisting senior buyers, while Buyer II usually entails more complex purchasing responsibilities, including strategic sourcing, vendor negotiations, and managing larger budgets. Buyer II may also require a higher level of expertise and experience in procurement processes.


If the lender had me sign as the buyer and my nephew as the co-buyer when it was supposed to be the other way around is there any recourse?

No, but there is no need for recourse. Under the law, the difference between the buyer and cobuyer, the signer and cosigner, the maker and comaker, the debtor and codebtor is negligible. They are simply different terms use to identify two separate parties who are eaually repsonsible for a debt.


Can a cobuyer refinance a auto loan and remove the buyer from loan?

Buy cobuyer I wonder if you mean cosigner on a loan. If this is the case then the answer is no. As a cosigner you are simply agreeing to pay the loan if the person who took it out does not. It is in his or her name and you are responsible for it if they do not pay it.


Can an original buyer repossess a car after a verbal agreement which is in the first month of default for nonpayment?

IF your name is on the TITLE as buyer or cobuyer, you have the right to POSSESSION. Do you know where the car is? Do you have a key?


What is prime vending purchasing?

Prime Vending Purchasing is a formal or informal agreement between a buyer or a vendor for a single vendor to supply the majority of products needed by the buyer.


If you are the cobuyer of a car and also the cosigner and you have made all the payments and are ahead can the other buyer take the car?

Daughter and husband are getting divorce and she is the co-buyer can she take it out of state


What is the difference between institutional buyer and government buyer?

hola, my name is nabilla hana.queen of nabilland.to all my nabians! what is the difference between institutional buyer and government buyer. regards, your queen. HAIL HYDRA!!