Cosigning is the act of signing a document, usually a contract, along with another person. The effect is both individuals are responsible under the terms of the document.
Cosigning for a car occurs for two general reasons:
If you cosign, you could face some or all of the following:
It is always recommended that you consult with an attorney before signing any legal document. This rule applies to consigning a car, since any documents you sign are valid contracts, and an attorney can help explain the consequences before it is too late.
Last Modified: 11-19-2017 11:39 PM PSTLaw Library Disclaimer
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