Can You Remove a Cosigner from a Car Loan?

Man Signing Document at Car Dealership

Getting auto financing with less-than-perfect credit can be a challenge. Asking a close friend or family member to cosign a loan may be the right option for you. After a while, once your credit rises to a level where you no longer need a cosigner, you may want to learn if you can remove a cosigner from a car loan and how you can begin the process. Learn more about removing a cosigner from your loan with the North Penn Mazda finance center today!

How to Remove a Cosigner from a Car Loan

Can you remove a cosigner from a car loan? Of course! There are a few different ways to do this. Look over your options and choose the one that best fits your situation:

  1. You can sell the car and pay off the loan. This will only work if you own the car or if the amount owed on the loan is low. If that’s the case, a dealership may buy the car from you and pay off your loan balance in the process. Also, your name needs to be on the title of the car.
  2. You may have the option of refinancing the loan in Lansdale. Let’s say you would like to remove your ex-husband or ex-wife as a cosigner, you may qualify for auto refinancing. If you’re able to refinance your vehicle, the loan becomes your responsibility.
  3. The contract for your auto loan may have a cosigner release option. Loans from dealerships or lending institutions may have a clause that removes any obligations on part of the cosigner after a designated number of payments are made. If your contract has this policy, speak with your lender to find out the specifics.

Talk Car Loans with Our Finance Team!

No matter if you’re looking to learn more about cosigning a loan, find hassle-free auto financing, or even new vehicle specials to help you save more on the new vehicle you’ve been eyeing, the team at North Penn Mazda is here to help. Contact our team with any questions or apply for financing online when you find the model that’s right for you.

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North Penn Mazda

181 Bethlehem Pike Colmar, PA

Phone: (866)-313-9145


Phone: (267) 956-1165

181 Bethlehem Pike Colmar, PA


Phone: (215) 822-1361

181 Bethlehem Pike Colmar, PA


Phone: (267) 956-1160

181 Bethlehem Pike Colmar, PA
40.272047 -75.256477
North Penn Mazda 40.272047, -75.256477.