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If you are the cobuyer of a car and also the cosigner and you have made all the payments and are ahead can the other buyer take the car?
Daughter and husband are getting divorce and she is the co-buyer can she take it out of state
Can an original buyer repossess a car after a verbal agreement which is in the first month of default for nonpayment?
IF your name is on the TITLE as buyer or cobuyer, you have the right to POSSESSION. Do you know where the car is? Do you have a key?
Can a buyer remove a co-buyer from auto loan?
Well, it depends how the title was written. if it says buyer "or" cobuyer you dont need the other persons signature for anything .... if its written with "and" between your two names, u will have to have both people present to complete any removals or transfers. That or you can have the cobuyer sell u the car. They will still need to be present though.
Can a co-buyer move out of state with car?
A co-buyer can move out of state with car as long as car payments are current. The co-buyer should update the new address with the lender.
How do you get a co-buyer off of a car loan if they are in default?
You don't. If the cobuyer has possession of the vehicle and is no longer making payments, you as the buyer may take possession and either take up and make current the payments, or voluntarily surrender the vehicle. Failure to do so will result in repossession, and will adversely affect your credit.
Is it legal to privately sell a car registered in FL in another state and would the buyer have to pay FL taxes or in their state?
Yes it is legal. You can sell the car in any state. The taxes will be paid in the state that the buyer registers the car in.
What if the Co-signer on a vehicle was put as primary buyer and buyer as cobuyer buyer passed away who's name will be on title?
If two people are listed as owners on the Certificate of Title the survivor of them will be the sole owner of the car. As I understand your question: Jack wanted to buy a car but didn't have good enough credit. Harry had good credit and agreed to co-sign as the primary buyer although Jack would make the payments. The car and loan were titled in both names. If Jack died then Harry would be the sole owner of the car. He would need to continue making the payments or the lender could repossess the car.
What legal action does the cobuyer have if the buyer doesnt pay the payments for the car loan?
Don't know of any state that allows a co-buyer. There might be. For this purpose, let's use co-signer. What legal action does the co-signer have if the buyer doesn't make the car payments? In reality, the co-signer signed as a guarantee that the payment would be made and on time on the specified date. The buyer is the one buying. That's 2 different operations. The co-signer, at last known fact, cannot take the car because he is not buying it. He's paying THE LOAN since (and we're assuming here) the buyer is not paying. In my experience, if the buyer wants to be a horse patootie, he can drive that car with a smile on his face and not make payments because the co-signer IS OBLIGATED TO MAKE THE PAYMENTS. If the co-signer does not make the payments, then HIS CREDIT IS RUINED! Never co-sign, if at all possible.
I bought a new car I do not like it and want my old car back?
Buyer's remorse goes State by State-see 'lemon Laws', 'Atty Gen'....
How are car buyer different then car sellers?
A car buyer is actually the ones who will buy a car from a car seller.
You are the primary owner listed on your car loan and your husband was supposed to be a co - signer but they made him a co buyer and now he took your car what are your rights Can he do this legally?
I had a problem like this in Florida. the person-cobuyer took off with the car and didnt make the payments. There was not a thing I could do. The only thing you can do is try to get your hands on the car but you cannot cause a disturbance where the police are called. If you do get the car then he can do the same thing if he has a key. Maybe you can get the ignition switch changed if you get your hands on the car.
Is there a car buyer's remorse law in Maryland?
No, there is no buyer's remorse law on the purchase of any new car in any state. Once you buy the car it is yours, and it becomes a used car the moment you sign the contract and drive away. Some states may have such a law on the purchase of a used car, such as the California law, but not on a new car. There is however a lemon law in your state.
