An individual who purchases a vehicle jointly with a Buyer, and is jointly liable for repayment of the loan.
Both the co-buyer and the buyer get the credit and the blame if the loan is not paid. Co-signing on the loan is the same as getting the loan.
Yes the co-buyer can insure the car because basically its saying that the co-buyer has ownership in the automobile as well as the buyer.
The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.
The co-buyer should contact the LENDER and ask to have the buyer removed from the loan. Nothing can be done legally without the LENDERS approval.
No.
That will be up to the LENDER.
The co-buyer can sue the buyer in court and provide proof of payments and be repaid the amount put in.
none
A co-buyer can move out of state with car as long as car payments are current. The co-buyer should update the new address with the lender.
both buyer and co buyer --- Typically, in disputes like this, possession is factored into the legal decision. It is likely whoever has possession at the time of court findings will prevail.
yes
YES