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FAQ
Can you remove someone from a car loan without refinancing?
You can ask for a co-signer release to have your name removed from someone’s auto loan. Another option for getting rid of a co-signer on a car loan is to sell or trade in the vehicle. If none of these work, you can request that they refinance the loan without consulting you.
Does it matter who is the primary borrower on a car loan?
Although you might not own the car with the primary borrower, you still bear the same responsibility for making sure the loan is repaid as a co-signer. You will be required to make the payment if the principal borrower fails to make their monthly loan payment.
Can I remove myself as primary cosigner?
The best way to remove your name from a sizable cosigned loan is to have the borrower refinance the loan without including your name on the new one. Assisting the borrower to enhance their credit history is an additional choice. To help pay off the loan more quickly, you can ask the person utilizing the funds to make extra payments.
Read More :
https://www.moneylion.com/learn/how-to-get-my-name-off-a-joint-car-loan/
https://www.bankrate.com/loans/auto-loans/how-do-i-get-a-car-loan-out-of-my-name/