well your liablites in general...depends....you can be a 'co signer' and NOT an owner ( i know this because i did this with our kids...on purpose) if you are a co owner you have the same liablity as the owner, (ins...if accident occurs and no insurance you are held equal with owner)....if you are a co signer and NOT a co owner you liablity begins and ends with the financial responsiblity of the note...(they don't pay then bank/company comes to you to pay the note/lease)....
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