If I co-signed a car loan for my aunt and she got into accident and was sued, will I be responsible for anything?
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If I co-signed a car loan for my aunt and she got into accident and was sued, will I be responsible for anything?
Cosigned for my aunt years ago, last year she got into accident and I just received
a summoned letter stating I was being sued. I’ve not talked nor seen her in a long time.
Asked on October 3, 2018 under Accident Law, Florida
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
If you only co-signed the loan but are not the title, you are not liable for her accident: a loan co-signor is only resposible to make sure that the loan is paid. But if you are on the car's title or registration, you are a co-owner of it; and any owner of a vehicle is liable if someone allowed to drive it (i.e. not someone who stole it) is at fault in causing an accident.
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