2007-01-18 05:44:27 · 13 answers · asked by nova2dawg 1 in Cars & Transportation ➔ Buying & Selling
They can, but doing so will hurt their credit rating.
2007-01-18 05:47:52 · answer #1 · answered by tina m 6 · 0⤊ 0⤋
A co-signer only co-signs for the load, the co-signers name is not on the title of the car.
2007-01-18 05:48:35 · answer #2 · answered by CoWBoY829 3 · 0⤊ 0⤋
Hell yeah!!!!! That person is fully responsible if you mess up. and if they feel for any reason that your not going to keep up with your part of the bargain then they can take their name from being the co-signer. The good thing is if your payments have been going well for a least a year or two you can take them off as a cosigner your self so you wont end up in a jam if you to end up arguing or something
2007-01-18 05:53:46 · answer #3 · answered by keke 2 · 0⤊ 0⤋
Not if you're making regular payments. If the co-signer is making the payments for you, and they stop, then the bank will eventually repossess the car, but that will reflect on the co-signer's credit, as well as yours.
2007-01-18 05:47:05 · answer #4 · answered by MOM KNOWS EVERYTHING 7 · 1⤊ 0⤋
While laws vary depending on the state, they generally say that as long as the payments are made regularly, the co-signer has no control over the car. That said, you may want to look into your state's laws for specifics.
2007-01-18 05:48:55 · answer #5 · answered by psyop6 6 · 0⤊ 0⤋
o.k. and the award for perfect answer is going to Me! i understand it would want to be scary even as someone threatens to have your motor vehicle taken away if a boyfriend or figure is using the signing on your man or woman loan as leverage. the reality is they can't do it. If the funds are growing made then the inner most loan can't be reposessed. The monetary organization does a repo to target to reduce their losses by promoting your motor vehicle so their loss isn't so massive. in case you're making your funds the monetary organization won't be able to smash their possibilities of having their money. human beings attempt to regulate you with belongings you gained't understand a lot about, yet understand this they can't repo your motor vehicle. i'd attempt to refinance to get that persons call off it, because they can for my section come take it for the reason that they are an proprietor too. only get "The club" and save it parked in storage in case you could. in case you get " The club " they can't only come andpersistent it away. perfect desires to you!!!
2016-11-25 01:36:48 · answer #6 · answered by bernabeu 4 · 0⤊ 0⤋
Not that I'm aware of. When somebody co-signs, both have to be willing to turn the car back into the bank.
2007-01-18 05:47:13 · answer #7 · answered by FSUFAN227 1 · 1⤊ 0⤋
I think the bank owns it till you pay it off. You need to sell and pay back bank. You may need to have the buyer go through the bank which you dela with.
2007-01-18 05:47:45 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Not as long as the payments are made.
2007-01-18 05:47:00 · answer #9 · answered by great gig in the sky 7 · 1⤊ 0⤋
unless payments are missed or late all the time..i dont think so
2007-01-18 05:47:15 · answer #10 · answered by Marty B 4 · 0⤊ 0⤋