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Is a co-buyer responsible for paying off a loan if the buyer has no job and the vehicle was repossessed?In: Car Buying |
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Yes, he or she would be equally responsible for the repayment of any deficit amount and applicable fees/costs.
First answer by Splash1. Last edit by Splash1. Contributor trust: 94 [recommend contributor]. Question popularity: 12 [recommend question]
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Buyer default how payes loan co-buyer? If buyer defaults on loan is the co-buyer responsible to pay the loan?
