Q: Q: Can I be sued in the event that a leased vehicle I cosigned for Is involved in an accident?
I will be cosigning for a lease vehicle for someone who has a poor credit score.
MY name will appear on the vehicles registration with the owners. This individual will be carrying their own and only auto insurance on the vehicle.
A: Usually only the driver is sued; if you cosigned you aren't necessarily a registered owner. If you are, you need to make sure insurance is on that vehicle.
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