I co-signed a car and want to be removed. My first thing is that I am listed as the primary account holder for the loan, but I signed the papers as the co-signer/co-buyer. If to fix the situation as being the primary account holder means refinancing needs to be done, what can the primary buyer do to be refinanced if she needed my credit score in able to get the car. Also, what can I do if she is not able to be refinanced?

  • 3
    What country are you from? In many places there's no distinction between primary and co-signer other than whose name is the first on the bill.
    – littleadv
    Commented Oct 10, 2015 at 23:40
  • @littleadv South Carolina
    – Alexis
    Commented Oct 10, 2015 at 23:44

3 Answers 3


First of all you do not "co-sign a car". I assume what you mean by this is that you co-signed a loan, and the money was used to buy a car. Once you signed that loan YOU OWED THE MONEY.

Once a loan exists, it exists, and you will owe the money until the loan is paid. If you do not want to owe the money, then you need to pay back the money you borrowed. You may not think "you" borrowed the money because the car went to someone else. THE BANK AND THE COURTS DO NOT CARE. All they care about is that YOU signed the loan, so as far as they are concerned YOU owe the money and you owe ALL of the money to the bank, and the only way to change that is to pay the money back.


The buyer can get another cosigner or you can sell the car to pay off the loan. These are your only options if financing cannot be obtained independently.

  • would she be able to refinance without another cosigner?
    – Alexis
    Commented Oct 10, 2015 at 23:20
  • Presumably you as the cosigner have ensured that payments were all made on time. It's possible that the credit score has increased enough to get financing on the same terms. The more likely scenario if there is no cosigner would be a higher interest rate. Trading for a cheaper car might mitigate some of the problem. I can't make any predictions without a lot more information about the buyer's income, credit score, the actual car in question, and the outstanding balance on the loan. Commented Oct 10, 2015 at 23:24
  • So if she cannot refinance there is nothing i can do about being the primary account holder on the loan even though i am not the primary buyer of the car
    – Alexis
    Commented Oct 10, 2015 at 23:34
  • 4
    There really is no important difference between the primary buyer and co-signer, you are both equally liable for the payments.
    – JohnFx
    Commented Oct 10, 2015 at 23:59
  • 1
    @Alexis usually the way to remove yourself from the loan is through refinance.
    – littleadv
    Commented Oct 11, 2015 at 0:37

You cannot be removed from a loan. The car buyer must obtain a new loan (without your cosignature) and use the proceeds to pay off this one. If the buyer cannot get a new loan, then you're stuck.

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