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Dear Terry,
On Jan. 24, 2006, I co-signed a car loan with my son. He has not been delinquent on payments nor has he missed a payment. Is there a way to remove my name as co-signer after two years on the loan? Thanks.
– David

Dear David,
Check with your current lender to see if they are willing to drop you from the loan. A better option, depending on your son’s current credit rating, would be for him to apply for a loan to refinance the car on his own. (more…)

Dear Terry,
I read your response to the question about whether or not using bargain gas will hurt your car. It is a very interesting article.
You stated the following:

“Some manufacturers say that today’s high-tech engines require higher-standard gasoline than the EPA benchmark. Audi, BMW, General Motors, Honda, Toyota and Volkswagen have worked with major gasoline companies to set a standard for what is known as Top Tier Detergent Gasoline.

“Gas companies that meet these standards include QuikTrip, Chevron, ConocoPhillips, Shell, MFA Oil Company, Kwik Trip/Kwik Star, The Somerset Refinery Inc., Aloha Petroleum, Tri-Par Oil Co., Texaco, Petro-Canada and Sunoco-Canada.”

(more…)