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Repossession
Co-signing

Can the cosigner who has been making the lease payments have the car repossessed so he can use it?

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2015-07-15 18:32:16
2015-07-15 18:32:16

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??

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

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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.

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

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


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