Power of Attorney with Cosigner (car loan, unlimited, selling, car)

[stafftocats]

I have a cosigner on my car. Does that relinquish all rights of the car to my partner.


Is this good a idea?

[Omaha Rocks]

Unless I'm missing something, having a co-signer on your car loan simply means that if you don't pay, your co-signer is obligated.

I assume that the car is in your name only?

[getmeoutofhere]

A cosigner assumes financial obligations should you not pay.

[Crew Chief]

Not sure why your co-signer has a Power-of-Attorney; why did you grant your co-signer one? Normally, Powers-of-Attorney are granted for specific purposes, such as selling a car. A general Power-of-Attorney gives the person unlimited rights to conduct business in your name. I assume you signed the former. So the question is: why does your co-signer have a Power-of-Attorney from you?