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I am a co-signer for a car. Will I get fined by the dmv if they don’t reregister the car?
6 Answers
- Anonymous3 months ago
Not if you are a real cosigner. Lots of people who think they are just cosigners are actually co-owners. In any event the fine will stay on the car. Nobody's coming after you and the owner will eventually have to pay it.
- Obi Wan KnievelLv 73 months ago
No. You're not a co-signer for a car, you're a co-signer for a finance agreement.
If you're a co-owner of the vehicle, that's a whole different story.
- MayLv 63 months ago
"Co-signer" simply means that you agree to pay on the loan if the principal doesn't. A Co-signer has NOTHING to do with registration.
A "Co-Owner" is listed as an owner on the title and does have something to do with registration. Which are you?
Co-signer= co-signs on a loan.
Co-Owner= co owns the vehicle.
Registration= simply means license plates have been bought for the "co-signed" or "co-owned" vehicle.
Proper terms are very important.
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- regeruggedLv 73 months ago
Co-signing is only for the loan. If your name is on the title as well, you may hear from the DMV.
- Anonymous3 months ago
A co-signer just agrees to pay the loan if the owner does not pay. Unless your name is on the title you have nothing to do with registering the car.