Am I liable in the event of a lawsuit for a car accident since I co-signed a car lease and my name was put on the title?
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Am I liable in the event of a lawsuit for a car accident since I co-signed a car lease and my name was put on the title?
Asked on November 26, 2015 under Accident Law, Pennsylvania
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
Yes, you would potentially be liable--not because you co-signed a loan, but because you are on the title. Being on the title means that you are an owner of the car; and the owners of vehicles can be held liable for accidents involving those vehicles.
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