it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.
Let someone else take over the payments.
As long as the title and loan are in your name the car is yours. Any payments missed will effect your credit. Take the vehicle back, now.
Well if the original person that you co-signed with defaults on the payments and you are stuck with the payments, technically it is your vehicle and you can take the person to court and take control of the vehicle.
Yes..... I did
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.
Contact the lender. They wil have to agree to this. After all they hold the lien to the vehicle, and legally it is their vehicle until you pay fo it.
I assume you took over the payments after the other owner missed payments. If you are caught up on all the payments then there would be no reason for them to repossess the vehicle. You need to contact the lender ASAP to make sure everything is fine. Failure to contact the lender may create a bad situation.
Contact finance company
NO! He is only guaranteeing the loan. He has no legal right to take the car.