You need to rephrase this question so that it makes sense. can a co-signing be taking to court if i was in accident with the car??? I'm still not sure that I understand, but here goes: If you signed or cosigned for a loan, you are responsible to pay back the money you borrowed, even if the car was in an accident or stolen. (Sorry to hear about your accident.)
Nope.
Only if you refinance the vehicle without the cosigner on the new loan.
Only if the cosigner is also named on the vehicle title.
Yes..... I did
No. A cosigner is just responsible for paying it off if the negligent driver wrecks it and and can't work to make the payments.
A cosigner of a vehicle loan is typically equally responsible for the debt if the primary borrower fails to make payments. However, the cosigner does not have ownership rights to the vehicle unless specifically stated in the loan agreement.
Yes, a cosigner can register a car, but they are not the primary owner of the vehicle. The cosigner is responsible for the loan if the primary owner fails to make payments.
No. Unless the cosigner is also a title holder they have no legal rights to the vehicle.
No, a cosigner has no legal rights to a vehicle unless his or her name appears on the vehicle title.
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
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
The only way to be relieved of the obligation is for the primary borrower to refinance the vehicle.