If a name is first on a car loan does that mean he is the primary and not a cosigner. OR can you be first on car loan and still be the cosigner
closed as unclear what you're asking by mhoran_psprep, Pete B., Nathan L, Dheer, Brythan Nov 4 '17 at 2:18
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I want to first state that I'm not an attorney and this is not a response that would be considered legal advice. I'm going to assume this was a loan was made in the USA. The OP didnt specify.
A typical auto loan has a borrower and the ability to add a co-borrower or "cosigner". The first signer on the contract is considered the "primary". As to your question about a primary being a co-borrower my answer would be no. Primary simply means first signer and you can't be a first signer and a co-borrower. Both borrower and co-borrower, unless the contract specifies different, are equally responsible for the auto loan regardless if you're a borrower or a co-borrower (primary or not primary).
I'm not sure if there was a situation not specified that prompted the question. Just remember that when you add a co-borrower their positive and negative financials are handled equally as the borrower. So in some cases a co-borrower can make the loan not qualify.
(I worked for an auto finance company for 16 years)