You are responsible for the debt you incurred. It is one of the reasons insurance is a good thing to have.
No. Contracts and not making payments is a matter for the CIVIL courts. Your car has not actually been stolen so no CRIMINAL offence has been committed and if you report it as stolen when you know it isn't, you will actually be committing a crime yourself.
Keep making payments on a car you don't have and learn your lesson about not letting your insurance lapse.
Absolutely. If they have your car, no legal documents to prove they own it (since they don't own it), and refuse to return it, it's a stolen car, and can be reported as such, but tell the police the truth, that you lent out the car for payments, and they didn't pay. They may or may not help, but if you lie, you can be prosecuted for lying. However, since your name is on the contract, you are obligated to continue making the payments. If the person driving the car has an insurance card and the keys and everything else, the officer may make a judgment call as to whether or not to arrest the person. But if it's reported stolen, you'll most likely get your car back.
ya its your car, your name is on the title and someone has taken it from you....i think i defined a stolen vehicle right there
The motorcycle is not there anymore.
You can report it as stolen, but the police will more than likely not take it very seriously. It would be better to have a repossession agency or individual deal with it. Issues like this can escalate and become violent.
It isn't in someone anymore.
yes they can rejester if your car is stolen or not. please dont try that but
If they come to repossess it, and you claim to not know where it is, then the repossession agent will report it stolen. At that point, anyone found in possession of it is in possession of a stolen vehicle.
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.
The insurance company will pay the lender to the policy limits. This payment will only be made if you have theft coverage and not just minimum coverage. I believe you still have to make the payments, although I am not sure.
Of course not. The car has not been stolen. But guess who is going to have to make the payments if the primary lender does not. You the cosigner, that's who. I would suggest you talk to the person you cosigned the loan for. If I were going to have to make the payments I would for sure try to gain possession of the vehicle. This is the very reason cosigning is a bad idea.