My older brother fell on hard times and is digging himself out. I am considering co-signing on a small auto loan with him. He needs a small payment and to rebuild his credit score. I am not concerned with the price. Even if he can't make the $120 payment, I easily can and could carry that in perpetuity until he can afford it or I can sell the car.
My concern is insurance liability. Specifically, If I co-sign on an auto loan for him and he gets in an accident, can I be held liable?
I read an article on Nest that says I would have no liability, as long as he keeps the car pro
Source of insurance-forums.net
My concern is insurance liability. Specifically, If I co-sign on an auto loan for him and he gets in an accident, can I be held liable?
I read an article on Nest that says I would have no liability, as long as he keeps the car pro
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