can a primary co signer take the car away from a secondary co signer
The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title. If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto. Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.
Yes. And you may be able to buy it without a co-signer.
A co-signer is not an owner of the car. As such, the co-signer cannot take the car away from the borrower without the borrower's permission.
A 17 year old will not be able to get a car loan for $5,000 dollars without a co-signer. Most banks will not give a 17 year old a loan even with a co-signer.
Sure. The co-signer will be responsible for the debt on the car.
It can be transferred to a co-signer only. If their is no co-signer on the note, then your answer is no.
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
NO
More than likely, however you will still end up owing a balance on the car and the primary signer and co signer will still be responsible for the balance.
18, with a co-signer ... 21 without a co-signer