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Alex J. Esq.
Alex J. Esq., Attorney at Law
Category: Legal
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Experience:  Experienced Licensed Attorney
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What is my legal liability if I co-sign a car loan family

Customer Question

What is my legal liability if I co-sign a car loan for a family member and they later are involved in a car accident in which a car is totaled, someone is injured, or someone is killed>?
Submitted: 8 months ago.
Category: Legal
Expert:  Alex J. Esq. replied 8 months ago.

Hello. My name is***** am a US licensed attorney and I will be happy to answer your question.
I am sorry to hear about this unfortunate situation.
Please note, I cannot comment on your specific situation, as this services is only limited to general information and for any legal advice / legal service you should contact your local attorney.

Are you also a registered owner of this vehicle?

Customer: replied 8 months ago.
No, the family member is buying a car and wants me to co-sign for the loan.
Expert:  Alex J. Esq. replied 8 months ago.

Thank you for your follow up.

Generally, unless the co-signer is also a registered owner of the vehicle, then the co-signer would not be liable in case the vehicle is involved in an accident.

I wish you the best of luck!

Expert:  Alex J. Esq. replied 8 months ago.

Please let me know if you have any related follow up questions?
If not, please positively rate and accept my answer, so I can be compensated for my work.
Thank you.

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