However, not all car loans have these cosigner release options, so be sure to double-check before contacting your lender and asking for something they may not have the option to provide. It might also be a good idea to check for this before signing anynew car loan. Refinance the Loan One...
a co-signer on a car loan can be on the hook for the payments but cannot repossess the car. On the other hand, a co-borrower on the car loan is responsible for the payments but has an equal claim to the
Removing a co-signer from a car loan requires the loan to be paid off. If there’s a balance remaining, that amount must be refinanced. The primary borrower could possibly qualify alone, or a new co-signer may be needed. Do you have to remove a co-signer from a car title? Co-sign...