<prompt> Human: My uncle co-signed a brand new car for my 20 y.o. cousin. My cousin makes 12h and works full time, he supports two young children and his girlfriend who does not work. He has to pay 590 for 5 years for the car and his insurance is 220 a month. He lives on section 8 housing and receives food stamps. My aunt and uncle were wanting to buy a home in the very near future. My uncle only consulted with my aunt after everything was done and she was trying to explain to him the consequences of co-signing a car and was trying to tell him that he is fully responsibly if his son cannot make payments.After doing some quick calculations Im pretty certain that my cousin will not be able to keep up with the payments for 5 straight years. I would like to know if there is a way to protect my uncle? Can he return the car? Will this hurt him if he is trying to get a home loan?  <response>: The ship has most likely sailed. Can he return the car? Some states have a cooling off period where you can return a car to the seller no questions asked. Many do not. Depends if hes an owner. Its possible to cosign a loan but not own the car. Will this hurt him if he is trying to get a home loan?Not if the payments are made on time. The amount theyre approved for will probably be lower since he has additional debt now, but thats only an issue if they were trying to buy at the top of his price range. 