Legal Opnion needed
 

first of all YES my attorney is working on this but I figured Id ask here to see what the masses are saying


Q.

What liablity (if any) will a cosigner have if a vehicle he cosigned for is involved in an accident?

keep in mind the vehicle has insurance


does that make sence?

ex.

if I cosign a truck for you and you hit 10 kids can they then sue me for the injurys to the kids?

everything I have read as of now says no they can't so what do you guys know or don;t know

I'm assuming that you're cosigning for the financing?
If that's the case, then you can't be held accountable for anything that the driver does with the truck. You're just held accountable when/if the driver can't continue making payments.

I believe they can't do shit. It is a driver/insurance issue. If you don't get any good attorney info post here and I will call my attorney up and check for you. What state?

yeah something like that... I mean not me personally but it's a family thing going on within my family and since I am the one with attorneys they always come to me... so I bring it to gfy hahaha.....


ok thats what I was thinking as well.... I mnean thats what insurance is for right?

if there were no insurance on the truck then they could civilaly sue who ever they wanted to really right?

state of nevada.... my attorney is comming back with this



Yes the cosigner is responciable for the actions of the primary to the extent of the loan
No
in no way could the person be held legally responsible for an accident on grounds that they were the cosigner of the loan that procured the vehicle


same stuff I am reading online...

I just want to be sure know what I mean

I personally think they can not sue you. Its driver's headache.

BUT, does that driver have got govt. issued driver's license? You can be in trouble if he don't have one.

yes legal driver... everything is legal ect.. only thing were worried abuot is lawsuits

I just spoke to one of my attornies and they said the same thing. You are fine.

unless they were under-insured

yeah... insurance is a joke man .....


who knows whast enough and not enough... I was hit on my bike by a guy from mexico city illlegal he had no insurance... I had unisured motorist with state farm at the time... which state farm can suck my pornstar balls they suck ass... they gave me 15k and never paid my hospital bills at all.. faught it till the end cause I was going a bit over the speed limit finally I just gave up fighting them....