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The cosignatory of a promissory note agrees to pay if the person signing the note defaults. If he doesn't default, but completes payments then he also gets the title.

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Q: Cosign for a car loan which gets paid off the title goes to?
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Related questions

Can an illegal alien cosign loan?

SURE!! BUT GOOD LUCK TRYING TO FIND HIM WHEN THE LOAN GOES INTO DEFAULT!


Can you get a auto loan but put the car in someone else name?

You can cosign but both names will be on title.


If i cosign a car for someone will my name come off in a year?

No. It doesn't come off until the loan is paid and if the person who is getting the loan doesn't pay you will owe for the loan. When you cosign it also goes on your credit report.


Can an employer co-sign for a student loan?

Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.


Can a minor cosign on a loan?

absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.


Can you cosign a loan if you live out-of-province?

Ca


Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.


If you cosign a student loan will you still be eligible for a student loan for yourself?

YES


Can an 18-year-old cosign a loan?

yes


Can you cosign a car loan in a different state?

nope


Can a husband cosign for a car loan for his wife?

Yes


Can someone on social security benefit's cosign for a loan?

Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.