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Does a co signer have legal rights to a vehicle if they have been making the payments?
Wiki User
∙ 12y ago
No. Not unless they are listed on the certificate of title as a co-owner.
No. Not unless they are listed on the certificate of title as a co-owner.
No. Not unless they are listed on the certificate of title as a co-owner.
No. Not unless they are listed on the certificate of title as a co-owner.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoNo. Not unless they are listed on the certificate of title as a co-owner.
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Does a co-signer have legal rights to a vehicle if they have been making the payments?
Depeding on how the vehicle is titled you may have legal rights to the vehicle even if you aren't making the payments. However, in order to just get it titled in your name then you will need their consent if it's currently titled in both of your names. Very simple answer to all these questions. If your name is on the title, you can have the car. If your name is on the loan, you can make the payments. WHAT if BOTH names on tittle, reg and insurance, one is making payments but other is the strong credit that got bike and wants it back
How can a co-buyer take possession of a truck when the primary borrower is not making the payments?
When someone co-signs, they are basically just agreeing to making the payments when the signer can not. * Any legal rights that a cosigner or a co-buyer(borrower) have depend upon whether or not their name is on the title to the vehicle.
I have a car in which the bill come in my name but also have a co-signer whose name is not on the bill who legally owns the car me or husbands aunt?
If there is a co-signer on a loan for a car, the person who is making the regular payments is usually the owner of the car. Unless, the car is registered to the co-signer, the person making the payments owns the vehicle.
Does a co-signer have rights to a vehicle that is being financed and payments are currently being made by the primary holder?
NO. As the cosigner, you are only guaranteeing the loan.
When the purchaser dies does a co-signer who has been living in the house and making all the payments have any rights to it?
Yes Answer: What do you mean by co-signer? Was the co-signer a (A) grantee in the deed or was the co-signer a (B) volunteer who helped to pay the mortgage in lieu of rent?
Can a co-signer take the vehicle away from the primary buyer even if they have not missed a payment?
Of course not. The car belongs to the person listed on the title and to the lender who holds lien rights, and not to you. You own nothing here. The only interest you have in this vehicle is that you have guaranteed to pay the loan if the primary owner does not. They are making payments, so what is your problem? You have no rights to the vehicle at all. If you were to take the vehicle without the consent of the owner, you can be charged with theft of a vehicle. As long as the payments are being made on time you have no need to do anything.
What can be done to you in Florida if you are the cosigner on a vehicle that is up for repossession but your husband is in possession of the vehicle and they cannot find it?
They will come to you for the money if they can't find him. It will be on your credit as a repo as well. As a co-signer, you sign that you will take over payments if the signer fails to make the payments.
Can a cosigner pay off the car and become the primary owner of the vehicle if the pay off is over 50 of the loan amount on the car hence removing the other individual from any rights to the car?
If the other person has been making payments on time, then the co-signer should not have to do this.
Your father cosigned with you on a car and now you are moving and he wont let you take it you have made all your payments maintained it and takenc are of it.Can he legally take the car from you?
(note I am NOT a legal professional) I believe co-signing a loan only means that person promises to make the payments if the primary loan signer fails to make the payments. The co-signer has no ownership of the vehicle. I personally would talk with the company that gave the loan in the first place. IF you have been making payments consistently they may be willing to remove the co-signer from the loan, at which point the father would have no legal connection to the vehicle.
Can a co-signer take possession of a vehicle if the payments are a few days late?
It depends onwhat's in the contract. * The co-signer would need to be on the vehicle title as a co-owner or a lien holder before they would be able to take possession of the vehicle.
If you have been making payments on a car and you are the primary owner can the co-signer take your car and garnish your wages for the remaining balance?
A co-signer is only obligated if you default on your payment(s). I can't think of why or how one could repossess the car otherwise. If however, you default, the co-signer will be obligated to the original creditor. Then the con-signer can sue you for the amount that is owed on the vehicle or the vehicle if they are willing to keep up the payments. They have to follow due process, which means filing a suit, serving summons, the hearing, getting a judgment, acting on the judgment and so on, and so on.
What happens if cosigner stops making payments?
The other signer must make the payments or the loan will go into default, the property will be taken and your credit will be ruined.
