Best Answer

If you are truly a Co-Signor then you would not be liable for the accident although you would still be liable to the finance company for unpaid balance of the financed vehicle.

If you are in fact a Co-Buyer, then yes, as one of the vehicle owners your are jointly and severally liable financially for any accident incurred in the vehicle.

Unfortunately their are many unscrupulous car dealers these days that do not explain the difference to the customer between a Co-Signor and a Co-Buyer.

If your name appears on the title or the vehicle registration to the vehicle then you are not a Co-Signor, you are a Co-Buyer aka a Co-Owner.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Are you liable to another PARTY if your daughter gets into a car wreck if you co signed on her car loan and she in uninsured?
Write your answer...
Still have questions?
magnify glass
Related questions

Is family liable for payment on a repossessed car?

Whoever's name is signed on the loan paperwork is the one liable.

Can we as a family be held liable for our daughter's debt?

There are a number of factors involved. Typically the estate is responsible for paying the debts, including the funeral and medical bills of the deceased. If the daughter is a minor, or still listed on the parent's medical insurance, the parents can be held responsible. parents co-signed any paperwork regarding medical procedures, they may be held liable.

Should a company be liable if an unauthorized employee signed a contract under the company?

No , if an employee has committed fraud and signed a contract under the company knowingly unauthorized then the company may not held liable.

Who is liable for false information on bills of lading?

The person who wrote and signed it.

Are parents liable for education loans to their children?

Only if they signed the note(s).

Your daughter died a few weeks ago are you responsible for her debts?

I am very sorry for you loss. Parents are not supposed to bury children. It is very unlikely that you are responsible for your daughter's debts unless she was a minor or you had guaranteed those debts. If, for example, you co-signed a car or apartment, you may be liable for those debts.

If you cosigned a private student loan for your daughter at which time she was 19yrs of age who is legally liable to repay the loan back?

If you co-signed a loan, you are fully and equally responsible for repaying it until such time as it is fully paid off or forgiven.

Are you liable for damages to a rental car if no contract was signed?

Yes.. You drive it, you damage it then your responsible for it.

Can you be held liable if you co sign for someone on a contractors license?

You are "liable" for any contract that you signed. You need to review the contract to determine the nature and limits of your liability.

Can you be held liable for your parents debts?

Generally, no. Not unless you agreed to be responsible and signed an agreement to that effect.

If you cosign for a mobile home are you liable for lot rent?

If you have co-signed as a tenant on the lot then yes you are.

Are daughters responsible for deceased fathers bills?

No, she should be held responsible. Typically the estate is responsible for paying the debts, including all the bills of the deceased. If the daughter has co-signed any paperwork regarding those bills, she may be held liable.