Am I able to…

AM I ABLE TO…?

QUESTION:
If I cosigned with my ex boyfriend and now he doesn’t want me on the title, am I able to take myself off of it?

ANSWER:

Great question! If your name is on the loan, the lender will not allow you to take your name off of the loan unless your boyfriend can refinance the loan without you. You could take your name off of the title, but you must remember your name is still on the loan and you will be responsible for a loan on a car that you do not own. If your ex decides to not make payments on the car, your credit will take a hit and you wont be able to sell the vehicle without being on the title.

Be Careful!!!

Sincerely,
Todd Helmick
Royal Automotive/Lexus of Tucson
Phone 520-795-0760

Be Sociable, Share!

Leave a Reply

Your email address will not be published. Required fields are marked *

*


four + 1 =

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>