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Co-signer early release for an auto loan?

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money_talks
Frequent Contributor

Co-signer early release for an auto loan?

Do lenders allow for a co-signer early release for an auto loan if the primary borrower makes payments on time for a certain period? Is this negotiable?

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pizzadude
Credit Mentor

Re: Co-signer early release for an auto loan?


@money_talks wrote:

Do lenders allow for a co-signer early release for an auto loan if the primary borrower makes payments on time for a certain period? Is this negotiable?


Most lenders likely won't, at least I haven't seen anything commonly offered like this.    From their perspective it would just add risk to the loan.  

 

You could try and refinance without the co~signer, the positive payment history should help out with the terms.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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