You CANT legally. She could report it STOLEN if you did. Best thing to do is contact the LENDER and assure them that YOU will make the payments IF they will repo it. AND get the registration out of her name. They can do that AFTER repo. Good Luck and MERRY Christmas.
I once had a rooster named Smokey and I co-signed to get him a Power Wheels truck, you know, that Escalade deal. Well Smokey didn't pay the note but he got all the chicks! Ha Ha
Yes. Making payments on time is only one of several things you agreed to do when you signed the loan papers.
Yes. When you co-signed the loan you made yourself legally responsible to pay the amount due if your grandson failed to make the payments. You are as responsible as he is for paying the loan.
I signed up for cooking class at the registration booth
NO. Cosigning means the person is promising to be responsible for the debt if the primary borrower defaults.
If you're making payments you signed a contract. When you return your car you've broken your contract. Yes there is consequences when you break a contract.
Keep paying the loan. You co-signed in trust, and he broke that trust, but you're still legally bound to pay that loan. For payback, family holidays are a good time to bring that stuff up.
The car, regardless of who's making the payments, is your responsibility. You bought it, you're the owner. This is why it's not wise to buy such large items for others and then assuming they'll make good on the payments. If you have a written agreement with the other person that states they're responsible for payments, you could sue them to collect, but as far as lenders and your credit are concerned, the car belongs to you.
Cosigning for ANYONE is one big mistake. If the person you cosign for is not making the payments then the person that cosigned is responsible for all payments. I have no idea why anyone would want to do this. Unless there were stipulations in the contract you signed with the buyer, then no, they can't just up and sell the car. Take another look at your contract. Marcy
In the State of Texas, the answer would be "YES" as both parties signed for the car loan and both are responsible for the balance due. I was the primary signor but the cosigner had the car and was making the payments. Then she stopped making payments after owning the car for 3 years and the car was repossessed.
It would depend on the contract you signed when you purchased the car.
The title is in your name, so you hold all the rights.