Best Answer

Don, IF your name is on the title as co-owner, you would just be taking possession of your own car. If its NOT on the title, you cant take possession legally.Why not go to the person in possession and tell them to give up the car??

User Avatar

Wiki User

โˆ™ 2015-07-15 18:32:16
This answer is:
User Avatar

Add your answer:

Earn +5 pts
Q: Can the cosigner who has been making the lease payments have the car repossessed so he can use it?
Write your answer...

Related Questions

How to get back a repossessed vehicle if it was a lease?

Bring all the payments up to date.

Will it affect your credit if a car is repossessed after the lease has ended?

YES - the fact that the original term of the lease had past has nothing to do with it since the payments weren't made.

If someone cosigned a lease to your apartment can they take their name off the lease even if you have been paying the payments?

No. Once a cosigner has signed the contract the only way they can be removed from the responsibility is a new agreement being made without the assistance of the original cosigner.

Can a cosigner on a lease evict a tenant?


What are the legal responsibilities of a cosigner on a lease agreement?

The legal responsibilities of a cosigner on a lease agreement are the same as the tenant without the benefit of tenancy.

Is a cosigner of an auto lease obligated to pay the lease?

Yes. That's the idea.

Does your cosigner have to be present when signing the lease?


Can someone lease a car and someone else make the payments?

Yes, all the bank cares about is that someone is making the payments.

Can a coporation deduct a lease payment?

Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.

What steps are involved in reposessing a car?

As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.

If a person needs a cosigner to lease a car will their credit improve if they make payments on time?

Yes, the owner as well as the co-signer will be affected when you lease a car, being it negative or positive it will have an impact on both credit reports.

What are the consequences of not making car payments?

If you do not make car payments you will default on your loan or lease. It will ruin your credit and end up with a repossession.

Can your leased car be repossessed because of no insurance even if you are up to date with your payments?

If the terms of the lease include the requirement that you must provide insurance on the vehicle, and I've never seen a lease agreement that doesn't, yes, they can hold you in violation of the lease and repossess the vehicle.

Can a cosigner be sued for early termination of lease?


When your car is leased when can it get repossessed?

When the lease expires

If a new lease is signed on an apartment after a year is the original cosigner responsible for the new lease?

Not unless he or she signed the new lease.

If you have a lease through GMAC and the car gets repossessed do you owe for the remaining payments or do you owe for the ACV of the car?

they sell the auto at an auction sell it to the highest bidder and you the remainder

What responsibility does a cosigner on an apartment lease have?

a cosigner is a person who is responsible for the rest of the rent that you don't pay if u get evicted the person who signed as a cosigner will have to go to court

Can tenants renew a lease if the cosigner does not sign?

That is up to the landlord.

What are the 2 types of vehicle leases?

The two types of vehicle leases are closed-end and open-end leases. A closed-end lease is a rental agreement that puts no obligation on the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a "true lease", "walkaway lease" or "net lease". An open-end lease is a rental agreement that obliges the lessee (the person making periodic lease payments) to purchase the leased asset at the end of the agreement. Also called a "finance lease".

Will My Payments Increase In Between The Term Of The Lease?

No. Your payments are locked in for the complete term of the lease. However, in case the tax rates increase, then on that way it will affect your payments.

What happens when lease cannot be paid back?

The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.

Are executory costs included in aggregate lease payments?

No we will not incurred executorycosts in aggregate lease paymentsMinimum Lease payments : Minimum rental payments + guaranteedresidual value + penaltyfor not renewing or extending lease + bargainpurchase optionMinimum rental payments: Regular payment to lessor, exc'lexecutorycosts (,maintenance, tax).

If you LEASE a car and have it voluntarily repossessed will you still owe money on it?


Is a lease enforceable if a cosigner is needed and does not sign?

No. A condition of the lease being made is that there will be a co-signer. If no one will co-sign, then you are out of luck.