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Do you have legal right to car if not on title but paying for loan?
Wiki User
∙ 14y ago
Yes and No. If you are not on the 'title' and cannot show a 'contract of purchase' (bill of sale) or 'power of attorney' (dependent on your state) then any court or police agency will not give you custody or control of the vehicle. That would be the "no" section. The "Yes" can only be reached, as a legal question, if you: * Take the matter to civil court and get a judgment giving you a possessor interest (foreclosure type process, dependent on your state); * Go through a successful lien process, * Obtain a contract with the current title holders (finance company and person on the title) showing a possessor interest - assumption of loan, etc. Please understand that this is a basic question to a complicated process & question, there are other means of obtaining a legal interest in the car not discussed here.
Wiki User
∙ 14y ago
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If you had a co-signer for a truck loan in 2002 for which the bank held the title is it legal for the co-signer to repossess the truck after paying off the loan when you defaulted in 2005?
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How do you get out of paying a title loan back?
get a agent
What rights does a cosigner have to gain possession of the vehicle if he paid off the loan without your knowledge and the title is in your name only?
If a cosigner's name is not on the title they have no legal claim to the vehicle. They can file a lawsuit against the primary borrower to recover money that they contributed towards the paying of the loan.
Can co borrower gain possession of a vehicle from primary borrower?
Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.
Can a co-signer take the car away from the primary driver?
The automobile's title/registration determines the legal owner of the vehicle. Loan documents only concern the signer's legal responsibilities with the bank. If both names are on the title and you as primary are not paying on the loan then it is the responsibility of the co-signer to pay the loan. Since the the co-signer is still co-owner, and they are paying then the co-signer can take the car away. Remember this is affecting the co-signer's credit as well as your credit.
If there is a cosigner can they take the vehicle if the loan is in good standing in North Carolina?
No, a co-signer has no legal right to a vehicle unless they are on the title.
Do you have to continue paying a car loan if you receive a clean title with no lien holders?
no
If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
Do dealerships accept a trade in that has a title loan?
Yes, they will and they will add that to what you are paying for the new car
Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?
NONE on the loan.
What should you do when the lien holder sent you a clear title and you still owe on the vehicle?
Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.
If you are in the state of Oklahoma and you were personally selling a car to an ex friend who is not paying do you have the right to go repo the car if the title is still in your name?
IF the title is in your name and you have some sort of proof on a DEFAULTED loan agreement, it is your car. Go get it.
