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How do I get off of a cosigned car loan?

My boyfriend and I recently broke up, and all our finances have been separated except for his car loan. His credit was awful when trying to get a loan, so I agreed to cosign. I no longer want to be liable for his decisions. How can I be removed from a cosigned car loan?

avatar
Jack Walsh · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry to hear about the breakup, but you’re doing the right thing by relieving yourself of any financial liability of the loan.
To get your name removed from the
car loan
, you will have to talk with your ex-boyfriend and lender. You have a couple of options:
  • Check the contract to see if there is a cosigner release option.
  • If the contract does not detail the removal process, contact the lender and ask them if removing your name from the loan is an option.
  • Have your ex-boyfriend
    refinance the car
    so he is the only one on the loan.
  • Pay off the loan to fulfill the financial obligation and be released from the liability.
If you also happened to share
car insurance
, you should remove yourself and your vehicle from the policy. If you’re hesitant to switch plans or insurance providers because you’re worried about the work involved, don’t be. The
Jerry
app can gather quotes from up to 50 top insurance companies, does all the paperwork for you, and even helps cancel your old policy. And if you have any questions along the way, just text one of our agents through the app. They will always be there to assist you!
MORE: How to get the best car insurance if you’re single
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