Hummm --- co-signer NOT a co-signer! -- your options are few - 1) GET ANOTHER CO-SIGNER QUICK, or 2) GET YOUR DOWN PAYMENT BACK QUICKLY or 3) Work w/dealer to arrange payments for your new car! If you've a job - ask (beg) your employer to tell car dealer that your stable in your job and you will not lose your job unless you can't get to work because you got no car! GOOD LUCK, and choose better friends to be your Co-signer next time.
The answer is that the cosigner would be left responsible for taking over the payments. If the cosigner wants to maintain his or her credit rating (which is probably damaged due to your filing bankruptcy), If the consignor does not want the auto loan people to sue for any remaining balance, then he or she will need to keep making the payments. If the auto loan company sues for any remaining balance and gets a judgment, then the auto loan company will go after the assets of the consignor and or garish their earnings. attempt o seize their assets or garnish their earnings.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Co-signers are only asked to help you qualify if you have not been approved for the auto loan.
i was able to get an auto loan with the help of a cosigner and im under 18
An auto cosigner, in the state of Indiana, has to meet all of the requirements of the contract. In most cases the cosigner has the same obligations as the primary signer.
The answer is that the cosigner would be left responsible for taking over the payments. If the cosigner wants to maintain his or her credit rating (which is probably damaged due to your filing bankruptcy), If the consignor does not want the auto loan people to sue for any remaining balance, then he or she will need to keep making the payments. If the auto loan company sues for any remaining balance and gets a judgment, then the auto loan company will go after the assets of the consignor and or garish their earnings. attempt o seize their assets or garnish their earnings.
Yes
No. The cosigner would have to apply for a loan in their name using their credit, income data.
Yes, even if you have less than perfect credit there are options for auto financing. Majority of the time you can pay a larger down payment and have smaller monthly payments. Also you can have a cosigner with good credit to sign with you to lease a car.
Not without the buyer's consent if a contract was already formed
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
maybe it will help you - autoinsurance.aains.us/adding-young-driver-auto-insurance-policy/
Yes. That's the idea.