Can a cosigner sue you if you don't pay on a car loan?

Can a cosigner sue you if you default on a car loan? I had one of my friends cosign on my car loan. Long story short, we don't get along at all anymore. Because of our falling out, I didn't pay my car loan last month out of spite. I know it was wrong, but I'm just wondering if he can sue me if I continue to default.

Answer provided by
Eric Schad
Answered on Jul 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Yes, your cosigner can definitely sue you for lack of payment.
But don’t let it get to that point. You still have to pay your loan, even if you don’t like your friend anymore.
If you default on a loan, it can negatively affect both your and your old friend’s credit.
You have two options if you want your friend off the loan:
  • get a cosigner release form
  • refinance the vehicle to get your friend’s name off the loan
By doing so, you can at least have a clean break, especially if your differences are irreconcilable.”

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