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The co-signor will have to make arrangements with the LENDER unless the co-signor is listed on the TITLE. In that case, go get the car.

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โˆ™ 2015-07-16 19:21:18
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Q: How does the cosigner get the car if the person driving it is not making the monthly payments?
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Related questions

If the cosigner is on the title can they take vehicle if person is not making the payments?

Yes..... I did


Can a cosigner in California take possession of a vehicle if the primary borrower is not making the payments in Georgia?

Only if the cosigner is also named on the vehicle title.


Can your cosigner take your car if you have been making payments on time?

The cosigner issue here is misplaced. The liability of a cosigner comes into play if the primary owner of the car cannot make payments. In the case presented, the primary borrower is doing fine. There is nothing a cosigner can do to take a car away.


Can the cosigner of a motorbike loan take possession of the bike if the primary borrower isn't making payments?

yes


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.


If your cosigner defaults on other loans but you are making your payments can they repossess your vehicle?

No. You are the primary borrower and are honoring your financial obligation.


If you have a cosigner on a vechicle can they take your vehicle away because he is mad at you?

Yes if his anger is due to your not making payments. Otherwise NO.


Can a mechanic put a mechanics lien on your car as long as you are making monthly payments of some kind?

If you fail to pay the mechanic for services then they can put a lien on your car and this has nothing to do with you making the monthly payments on time.


If you are making sporadic payments to a collection agency and they cash them can they still sue the cosigner?

Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the cosigner.


How come a monthly statement is not sent by the collection agency when making monthly payments?

Because they don't. It is a lot of agency's policies.


Can someone garnish a cosigner for a car and garnish the primary also?

In the State of Texas, the answer would be "YES" as both parties signed for the car loan and both are responsible for the balance due. I was the primary signor but the cosigner had the car and was making the payments. Then she stopped making payments after owning the car for 3 years and the car was repossessed.


Who is responsible for making monthly payments when there is a primary buyer and a co buyer?

either OR both

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