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Is it possible to remove my cosigner from my car loan?

I want to remove my cosigner for my car loan to become more independent and I finally have the credit and financial means to do so. How can I remove my cosigner?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s awesome to hear that you want to be financially independent! In this case, you have several ways to remove the cosigner from your
car loan
, including:
  • Check to see if your lender has a cosigner release form and if you’re eligible for it
  • Refinance the loan
  • Paying the loan off in its entirety
In the case of a cosigner release form or a car refinancing, you need to make sure that you have enough income and a good enough credit score to get the job done. If you don’t, it’s unlikely that the lender will want to remove the cosigner based on the calculation of risk.
If you refinance or pay off the car loan, the next step is to think about your insurance. That’s when
Jerry
can help. With a quick sign-up process, you can compare rates from dozens of companies and get the best value. Jerry will even take care of the paperwork, so you have all of the coverage with none of the hassles.
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