If you Legally still owed money on a car, but decide that you no longer want the car not, and would like to turn the car & note over to your brother, how would you do it legally, to make it the responsibility of your brother? Can I leave the car in my name, then have him put the Insurance in his name, and he pay me the note, and I pay the Lender myself?
should be yours since your making the payments now. you assumed responsibilty for the car when doing so.
no
Yes, but only up to the value that is not currently owed on your existing car. You are still responsible for making the payments - unless it is specifically written that the loan can be assumed by anyone.
most states it can be taken when payments are not made. It can be taken anywhere that it is accessable. A door cannot for forced to gain access to it.
yes
When you fail to make payments, they go after the co-signer. It can affect his credit. If he makes the payments he can take the car. You wouldn't want to make payments for someone else's car.
Not as long as the payments are current and have remained so.
If you do not want your car repossessed, then you need to keep up with the payments on your car. If you are behind on payments, then your car could be taken away from you legally.
The best way to figure your car payments is to first call your insurance agent with the kind of car your thinking of getting to see roughly how much those payments will be and the car dealer will tell you what your car payments will be and just add the two together and see if it fits your budget.
To make the car payments. Just be glad you have the car too.
If your paying for the car, they cannot!
Yes.