<prompt> Human: I will make this quick.. I have a 2008 Mitsubishi Lancer GTS and the dealer wont take this POS back and now I am stuck with a high monthly payment and high car insurance. I am a single mother so paying 750 a month for car and insurance is becoming harder to pay. My dad co-signed this car for me.. If I get this repossessed will my father credit get hit with it as well? Is there anyway of taking his name out of the loan? Assistant: You will still be accountable for the FULL balance that you signed the contract for. It will be much more difficult to purchase or lease another vehicle if you have a repossession. I suggest leasetrader.com Best of luck to youHuman: Will the co-signer be affected if it gets repoed?  <response>: Yes. 