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Buyer/co-buyer libilities

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texascamper

Junior Member
What is the name of your state? I live in Texas, Grandson lives in California. He wants me to co-sign on a car loan. I agreed to do this for him. When dealer sent me the paperwork he had me listed as the buyer and grandson as the co-buyer. Forms said nonthing about co-signing. Dealer says that's the way they do things in California. My concern is if he had a bad accident and his insurance was unable to pay it all, would I be libel? I'm willing to be responsible for paying the note if he should default, but nonthing else. Is there a way to protect myself or should I tell the dealer to stuff it? I'm retired on a fixed income and don't want to put myself in a position of being wiped out financually
 



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