PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I remove my name from a joint car loan if I'm a co-borrower?
I bought a car with my wife last year, but now we're separated. I agreed she could have the car under the condition that I get to remove my name from the loan. Can I do this if I'm a co-borrower?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Sorry to hear about your separation, but hopefully, these tips will make taking your name off the
car loan
as quick and easy as possible.While you can’t simply remove your name from the car loan because you’re a co-borrower, you still have one other choice: refinancing. When you refinance the car, your wife can apply solo, effectively taking your name off the car loan.
However, this is dependent on your wife’s credit score and income. If she has poor credit or can’t refinance at a lower rate, it’s highly unlikely she’d agree to refinance, as it would cost her money.
If she can’t afford the loan or doesn’t have the credit, you will have to remain co-borrower. You may want to get a written or verbal agreement for who will pay the loan. You could also contact the lender to see if they can release you from the loan.
An easy way to explore your refinancing options is with the
Jerry
app. You can compare quotes from multiple lenders without worrying about your credit history. Avoid the hassle of researching and sending documents to potential lenders. Jerry’s app instantly connects you with top companies to find a loan that best meets your needs. View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance for Your Car
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
