Cosigned on car loan - liability?

  • Thread starter Thread starter Brian C
  • Start date Start date
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Brian C

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Hello all,

I know it was stupid but I cosigned on a car loan for my ex gf.

In fairness she has been making payments.

I got a notice in mail today from DMV addressed to me or her.

It is a bill for renewal of registration.

Like I say she has been making payments but what worries me now is that I will be hled liable if she has an accident while driving the car I co signed for.

Will I be held liable if she has an accident? Is the re anything I can do to protect myself?

Thanks for your help.
 
You just need to make sure that she keeps insurance on the vehicle... insurance covers all accidents...

God Bless,
Ms S
 
no, not if its in HER name, if you bought the car she should have regisstered in her name, if its in your name transfer it to her, actually, if its in your name GET IT BACK, make sure she is ensured if u keep it in her name, its never good to co sign for an ex
 
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