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Call a local attorney and ask. I am sure sure you will get an O'pinion based on your states laws.

If the car is in your name then you are ultimately responsible for the payment. You want to sue someone because of your own stupidity?

The above answer is brusque but accurate. If the car is in your name, you're responsible. You may have some standing for a lawsuit if you have a written and signed contract between yourself and the person paying for the car, but as long as your name is on the title, they come after you.

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Q: How would you go about suing someone if they failed to pay for a car in your name and it was repossessed?
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