Legal Question in DUI Law in California

Car Loan Co-signer Culpability

I co-signed for a friend's car. He caused an accident at .08. His insurance says it won't pay any damages for his car, and a limit of $5000 for the other car. If that isn't enough, am I as co-signer at risk?


Asked on 8/30/06, 6:13 pm

2 Answers from Attorneys
Lyle Johnson Bedi and Johnson Attorneys at Law

Re: Car Loan Co-signer Culpability

As a cosigner on the loan you are liable for the payment of the loan for the car.

Read more
Answered on 9/09/06, 12:57 am
Terry A. Nelson Nelson & Lawless

Re: Car Loan Co-signer Culpability

If you're on title, you're definitely 'at risk' as a registered owner up to $15,000.

Read more
Answered on 8/30/06, 7:19 pm


Related Questions & Answers

More Drunk Driving & DUI Law questions and answers in California