As mentioned, cosigning an auto loan does not make you liable for what the primary borrower does with the car. You will not be held responsible for any accidents resulting from the driver’s negligent acts. However, you are liable for the loan payments, which could pose a problem if the driver is sued.

If you cosigned an auto loan, you shouldn’t be liable for damages if the primary borrower is involved in an accident and gets sued. However, if the borrower defaults on the loan because the accident and lawsuit left her in a deep financial hole, you will be responsible for making the loan payments.

Can a co-signer of a vehicle be sued if the person that?

If the driver was not liable for the accident, there is no way the co-signer could be liable for the accident. The only way the co-signer would be liable for damages is if he negligently entrusted a vehicle in which he owned to…

Who is responsible for an accident if you cosigned a car?

There are exceptions — such as if you knowingly let someone intoxicated use your car — but generally the responsibility belongs to the driver, not the owner. If you cosigned an auto loan, you shouldn’t be liable for damages if the primary borrower is involved in an accident and gets sued.

Who is liable for a cosigning car loan?

After the Crash. Cosigning doesn’t make you liable for the primary borrower’s bad driving, drunk driving or driving without insurance. You are liable for the loan payments, however, which can cause problems after an accident.

Can a cosigner be a primary liability in Florida?

This answer is categorically incorrect. Often times, as a cosigner, one is placed on the title and often as primary. Regardless as a cosigner liability does extend to you including if the person loans the car to a friend and they do something negligent. I’ve talked with a lawyer about this in Florida. – Pete B. Nov 26 ’18 at 20:06