anyone know if the cosigner on an auto loan is liable for damages caused by the car he is named as cosigner on? my name appears on the reg along with my sons

 

I know that in Illinois he is, in case of an accident if he doesnt have enough insurance and get sued for more guess who they go after, more names more money.

Bajo

 

Typically you can have your name on the reg with your sons, but only have his name on the title, for liability reasons, so if he gets into an accident, he is the sole owner of the car. The car can be titled just in his name, have it registered in both your names (mostly for insurance purposes), and have both names on the loan to help him (your son) get a better tier.