Muller Honda Pre-Owned

Can You Remove a Cosigner from a Car Loan?

Man and Woman Signing Contract

Are you a Highland Park driver who’s ready to drop your cosigner from your original auto loan? Whether you have become more financially stable and no longer need the support of a cosigner, or your cosigner no longer wants to be associated with your loan, you can release them from the agreement. In the following guide, we’ll discuss how to remove a cosigner from a car loan. Should you have any more questions regarding financing or refinancing your vehicle, contact us here at Muller Honda Pre-Owned.

How to Remove a Cosigner From an Auto Loan

The following actions can help Chicago drivers in removing a cosigner from an auto loan.

  • Sell the Car & Pay Off the Loan: If the car title is under your name, you have the agency to sell the car and use those profits to pay off the remainder of your loan. When you sell the vehicle, both you and the cosigner will be free of the car’s financials.
  • Refinance the Loan: In the event of a legal separation or divorce in which the cosigner was your spouse, you will want to refinance the loan in your name to make the original cosigner no longer responsible. When refinancing, you can design your loan to release them of financial obligation to the loan.
  • Cosigner Release: Since cosigners are often brought onto a loan to help bolster your credit score, once you as the borrower proves you can make a certain number of timely, full payments, the cosigner will automatically be released from the obligation of the loan. Contact your lender to find out if your car loan has this cosigner release option.

Get More Financing Guidance from Muller Honda Pre-Owned

If you would like assistance through the process of removing a cosigner from your current car loan, our finance department is more than happy to assist you. Additionally, if you’re in the market for a new vehicle to upgrade your commutes throughout Arlington Heights and Gurnee, stop by the dealership to browse our impressive inventory. Curious about whether you can finance a used vehicle or how financing a car works in general? Stop in to learn more.


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(847) 831-4100

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150 Skokie Valley Road • Highland Park, IL 60035

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Muller Honda Pre-Owned

150 Skokie Valley Road Highland Park, IL

Phone: (847) 831-4100

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Phone: (847) 831-4100

150 Skokie Valley Road Highland Park, IL
42.1553485 -87.8048283
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Muller Honda Pre-Owned
Muller Honda Pre-Owned
150 Skokie Valley Road
Highland Park, IL, 60035 US
(847) 831-4100
https://di-uploads-pod14.dealerinspire.com/mullerhondapreowned/uploads/2018/03/MullerPre-OwnedOGImage.png
Muller Honda Pre-Owned 42.1553485, -87.8048283.