How to Remove a Co-Buyer's Name From a Car Loan

by Dawn Gibbs ; Updated September 11, 2015
Couples often purchase vehicles together.

A co-buyer is a someone who purchases a car with you and shares the financial responsibility for repaying the loan on time. There are a number of reasons why a co-buyer would want to remove his name from the loan, including a divorce or separation. In some cases, the lender will cooperate with just a phone call, but in general, you will need to refinance the loan.

Call the lender and ask if you can remove the co-borrower from the loan. In the case where the main borrower has made prompt, full payments, the lender may be willing to drop the co-signer from the loan without further action.

Visit the lender's local branch and ask to refinance the loan in your name only. Refinancing means that you would be taking out a new loan in your own name, without the co-buyer. You will need to refinance if the lender will not remove the co-buyer from the loan.

Fill out the necessary paperwork to refinance. This will include your employment history and financial status. Wait for the lender to perform a credit check and approve you for the new loan.

About the Author

Based in Richmond, Va., Dawn Gibbs writes about topics such as history, fashion, literature, crafts, alternative medicine and healthy living. Her work has appeared on and several style websites. Gibbs holds a Bachelor of Arts in history from Virginia Commonwealth University.

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