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The wise course of action would be to hire a third party to take care of this for you. There are agencies and people who are professionals in recovering property in this situation.

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Q: How do you go about repossessing a vehicle from a friend if vehicle is in your name?
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If you are the co-signer on a vehicle and your name DOES appear on the title as well as the primary what rights do you have to the vehicle if the other party skips?

That depends on 2 things. 1, does the title say "And" between your name and the primary or does the title say "or". If it's "or", you can take the vehicle, pay it off and sell it, maybe, if your state laws are designed that way. If the title says "and" you'll need to get the state to work with you or just go to the bank and explain what's going on. If they're decent about it you'll be able to work out something where they take the vehicle, sell it and you voluntarily make up the difference. Co-signing is such a pain. Next time you want to help a friend, get the vehicle in your name, have the friend make payments to you and have the insurance in your name as well. The worst that can happen will be that the friend gets in a wreck and messes up your insurance rates but the car will be in your name and you'll have the right to take it back or report it stolen if the "Former" friend skips. If the bank will cooperate, you shouldn't need to work out much. If they're a pain they could mess you up. It's far better to go to them and explain what happened and just go with whatever they require. Maybe they could get the title back from the State and re-issue it in your name... provided that you even want the vehicle.


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How can I get auto insurance and the car title in my name if I am making payments on a vehicle that my friend is selling to me but is still making payments on?

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