Legal Question in Consumer Law in California
Who's Responsible?
I recently co-signed for my son on an auto loan.
My son was given possession of the vehicle before insurance was obtained. Within a tree week period, my son lost control of the vehicle and hit a curb.
The vehicle sustained 7000.00 dollars in damage.
At the same time he lost his job and can no longer make the payments of 380.00 per month. I am in the process of making the payments, as agreed when I co-signed. I am also having the vehicle repaired!
Who is really responsible for the repaires?
Car dealer?
Loan company?
My son?
Or myself?
Thank You
Sincerely;
1 Answer from Attorneys
Re: Who's Responsible?
Your son and you are responsible as co-signers. You should also immediately get insurance for the vehicle, or the loan company will buy it for you.
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