This car is for her but she since she has bankrupcy on her record, I have to co-sign for her and be the primary buyer. The bank was willing to let her name be secondary since I have a good fico score. Can I take my name off the loan after a short period to have her as the only name on the loan? I think it's always better to have only one name on the contract, since you never know what will happen.
2007-05-30 12:31:21 · 8 answers · asked by sws 1 in Cars & Transportation ➔ Buying & Selling
No, your lender will not allow that to happen. Your girlfriend would have to qualify for financing without you, and she has previously been denied. Give it some time for her credit to start to repair itself. Once she is able to refinance, then certainly do that if that's what is important to you.
2007-05-30 15:28:29 · answer #1 · answered by fisherwoman 6 · 0⤊ 0⤋
You probably could if her score increases..but the what might happen isn't specific. If you're worried about a breakup then you should ahve thought about that in the 1st place...if a death then you could have the registration be in both your names instead of registring it "and" you use "or" so either one of you have control of the vehicle without the hassle of having two signatures to sell it if the time comes.
2007-05-30 12:43:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Either way what if she dies? then who takes the car? For the best and worst of times you already commited the primary SIN co signed for some one. Don't do it unless your married.
2007-05-30 12:53:18 · answer #3 · answered by John Paul 7 · 0⤊ 0⤋
Your an idiot.
Love comes and goes, but bad credit lasts forever!
2007-05-30 13:56:54 · answer #4 · answered by dinkydionline 5 · 0⤊ 2⤋
you must have been smoking crack that day. she will probably mess up your credit too and then give the car to her new boyfriend
2007-05-30 12:47:56 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Yah probably not the best idea.
2007-05-30 13:27:04 · answer #6 · answered by Jay P 7 · 0⤊ 0⤋
not unless you pay off the note. they do this to protect there interest.
2007-05-30 12:47:56 · answer #7 · answered by Timmy T 3 · 0⤊ 0⤋
no your stuck and you better plan on keeping her if you piss her off and she will leave and your stuck
2007-05-30 12:58:18 · answer #8 · answered by Anonymous · 0⤊ 0⤋