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Can a cosigner on an auto loan get insurance on the vehicle?
Yes
Can your daughter be on your car insurance if you are not cosigner on her car loan?
Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.
Can you be seventeen and have a cosigner cosign for an auto loan?
i was able to get an auto loan with the help of a cosigner and im under 18
Can the primany buyer of an auto loan refinance the auto loan in the cosigner's name only?
No. The cosigner would have to apply for a loan in their name using their credit, income data.
What happens to a loan on a car when the loan holder dies and there is no cosigner or insurance on the loan?
The loan must be paid out of the estate (sell of home, life insurance policy, etc...) Otherwise, the estate will be held up in litigation and will not be closed or the beneficiaries will be forced to pay the loan.
What are the rights of a cosigner on an auto loan?
A cosigner on an auto loan is equally responsible for the loan and has the right to access information about the loan, such as payment status and account details. They also have the right to receive notifications about any changes to the loan agreement.
What is the insurance liability for the cosigner of an auto loan?
None. A cosigner is entering into a legally binding contract to repay the debt if the primary borrower defaults on the lending agreement. The cosigner does not have any other obligation nor ownership rights to the property.
What are the requirements for obtaining an auto loan with a cosigner?
To obtain an auto loan with a cosigner, you typically need to meet the lender's credit and income requirements. The cosigner must have good credit and be willing to take on responsibility for the loan if the primary borrower fails to make payments.
How can I hire a cosigner for an auto loan?
To hire a cosigner for an auto loan, you need to find someone with good credit and income who is willing to guarantee the loan if you are unable to make payments. Approach potential cosigners and discuss the terms of the loan with them. Once you have found a willing cosigner, apply for the loan together with their information included.
Does the cosigner on an automobile loan have to be on the automobile jnsurance policy?
Not in my state.
What does it mean to have a guarantor on an auto loan?
A cosigner- someone who agreesto pay the loan if you default
Is the loan for a vehicle paid off when the owner dies?
Not under the standard auto insurance policy.
