# question about loans & cosigners

**URL:** <https://forums.speedlife.net/t/question-about-loans-cosigners/7880>\
**Category:** NYSpeed Off Topic\
**Created:** [February 7, 2006, 3:35pm UTC](https://forums.speedlife.net/t/question-about-loans-cosigners/7880 "2006-02-07T15:35:48Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![HotRodKid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hotrodkid/32/7609_2.png) [@HotRodKid](https://forums.speedlife.net/u/HotRodKid)\
**Post date:** [February 7, 2006, 3:35pm UTC](https://forums.speedlife.net/t/question-about-loans-cosigners/7880/1 "2006-02-07T15:35:48Z")

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ok, so person “a” buys a car and person “b” cosigns for him so that “a” can get a better deal

later on, person “a” is selling the car

if person “b” wants to buy the car, can “a” simply be taken off the loan ? this would allow “b” to take over the payments, and since B is responsible for the payments anyways if “a” misses a month …

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**Author:** ![AlbinoMonkeyRat](https://avatars.discourse-cdn.com/v4/letter/a/bb73d2/32.png) [@AlbinoMonkeyRat](https://forums.speedlife.net/u/AlbinoMonkeyRat)\
**Post date:** [February 7, 2006, 3:48pm UTC](https://forums.speedlife.net/t/question-about-loans-cosigners/7880/2 "2006-02-07T15:48:40Z")

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I think that’s how it works, since I’m person A with my car…but I’m not totally sure.

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**Author:** ![catalyst](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/catalyst/32/7279_2.png) [@catalyst](https://forums.speedlife.net/u/catalyst)\
**Post date:** [February 7, 2006, 4:17pm UTC](https://forums.speedlife.net/t/question-about-loans-cosigners/7880/3 "2006-02-07T16:17:37Z")

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I think it would be safer for “a” to have “b” refinance with just their name on the loan. Check with your bank to see whats best.