How to Remove a Cosigner From a Car Loan

Dealership Finance Professional signing documents

Having a cosigner is an effective way to get approved for an auto loan if you’re working on building your credit. However, you may be wondering if removing a cosigner from an auto loan is a possibility. While options vary between lenders, the answer is typically yes! Learn how to remove a cosigner from a car loan below. You can also contact our Harvey finance department with any questions. 



Benefits of Having a Cosigner on an Auto Loan

Whether you’re planning to buy or lease a vehicle in Gretna, having a cosigner is an effective way to increase your credibility. Not only does it prove that another person trusts you to pay back the loan, but it also serves as a protective buffer for the lender. Just remember, if you miss payments on your loan, it will reflect negatively on your cosigner. That said, you may be wondering how to remove a cosigner from an auto loan.

How to Remove a Cosigner From an Auto Loan

Removing a cosigner from an auto loan is almost always an option. If you’re wondering how to remove a cosigner from a car loan, you’ll want to get in touch with your lender and go over the following options:

  • Refinancing Your Loan – If your credit score has improved since initially taking out the loan, refinancing may be an option. You can do this with the same lending partner or a different one. This will remove your cosigner’s name and potentially get you a better interest rate!
  • Cosigner Release – Take a look at your contract to see if there’s an option for a cosigner release. You may be able to remove your cosigner’s name right away if you have made most of your payments on time.
  • Sell Your Car and Pay Off the Loan – If the above options don’t apply to you, there’s always the option to sell your car and pay off the loan in full. Your cosigner’s name will immediately be removed. Of course, this is only a good idea if you’re not currently underwater on your car loan. 

Questions About Removing a Cosigner From an Auto Loan?

We’ve covered how to remove a cosigner from an auto loan, but don’t hesitate to contact us or stop by our dealership if you have any remaining questions! We’re just a short drive from Marrero and Belle Chasse. In the meantime, feel free to explore more car buying tips from our experts.


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