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Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.

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โˆ™ 2005-05-09 00:58:34
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Q: If you are on the title with the primary buyer can you get the car and not make payments?
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If the primary buyer refuses to make car payments and drops the car off to the cosigner What is the cosigners responsibility?

To make the car payments. Just be glad you have the car too.


If you have a car that is worth less than you owe can you sell it to a dealership and make payments on the rest?

Turn it in?? YES sale it to a dealership? YES, IF they pay it off. make payments on the rest?? Maybe, the way to do it is to find a buyer(highest price you can get), subtract what you can get for it from the PAYOFF on the loan, BORROW the difference needed from another source. Then you can payoff the loan, get title to give to buyer, and make payments on a smaller amount that you can handle. This will have to be done with the LENDERs help. Contact the lender and make all the arrangements ASAP after you find a willing and READY (CASH wise)buyer. You will have to convince the lender that you HAVE a buyer and convince the buyer that they will get title,ect to make it work. Good Luck


What if the Co-signer on a vehicle was put as primary buyer and buyer as cobuyer buyer passed away who's name will be on title?

If two people are listed as owners on the Certificate of Title the survivor of them will be the sole owner of the car. As I understand your question: Jack wanted to buy a car but didn't have good enough credit. Harry had good credit and agreed to co-sign as the primary buyer although Jack would make the payments. The car and loan were titled in both names. If Jack died then Harry would be the sole owner of the car. He would need to continue making the payments or the lender could repossess the car.


In a private transaction in California can I without a repo service repo a used car from the buyer who didn't make payments?

Only if you put a lien on the title


What does owner will carry mean when buying a car?

I think it may mean that the seller of the vehicle will "hold the loan" or will let the buyer make payments to them and once paid in full, seller will then sign title over to buyer.


If a person cosigns on a vehicle loan and is listed as the primary buyer on the title and the person they cosigned for has refused to make any payments can the the cosigner regain ownership of the car?

If a person's name is listed on a title, that person owns the car. If a person merely cosigned the note, that person's name will not be on the title. If you own the car, you certainly can take physical possession of it.


I am the buyer but co buyer has car and hasn't make the payment what are my rights?

i am the buyer made payments but the co buyer has the car and has not made any payments what are may rights Very generally speaking, cobuyers (cosigners) have the same rights to the vehicle as the primary buyer, however, you may or may not have the right to take possession of the vehicle without permission of the buyer. Some states have specific laws about taking possession of a vehicle under those circumstances.


Is the co-signer and co-buyer the same thing on a bank application?

Co-buyer = Name is on the title and has rights to the property. The lender will PROBABLY insist that this person also sign the loan as a co-signer or joint borrower. Co-signer = Name is on the loan and is obligated to make the payments if the primary borrower does not. This gives you NO rights to the property.


You sold property to a person and he cant make the payments what do you need to do to get property back clear as previous buyer will sign whatever papers needed?

Simply have him sign off on the title.


If you have to have a co-buyer for a loan and you make all the payments will this help your credit or the co-buyer's?

YOURS 99.7%. Theirs 00.03%


How do you sign off a title to another person?

You sign the title where is shows seller and fill in the information of the buyer and have them sign as buyer. Its a good idea to make a copy of the title (front and back) just in case the buyer doesnt title it right away so you can prove that you sold it if you get a tax notice.


Can you sell a car or cycle when you still make payments on it and you don't have the title?

Yes. Im not 100% sure how the process goes,but the sellerwill have to notify his/her lender or whomever of whats going on. Buyer will provide payment and i believe your lender will forward the title to the buyers lender.


Can a private party sell a used car to someone who promises to make payments over time and keep the title until those payments are made?

That would be an agreement between buyer and seller. I cannot advise you against this enough.Buyers may be hard to come by, but wait around until you get a cash buyer who'll come and buy it outright.


What legal action does the cobuyer have if the buyer doesnt pay the payments for the car loan?

Don't know of any state that allows a co-buyer. There might be. For this purpose, let's use co-signer. What legal action does the co-signer have if the buyer doesn't make the car payments? In reality, the co-signer signed as a guarantee that the payment would be made and on time on the specified date. The buyer is the one buying. That's 2 different operations. The co-signer, at last known fact, cannot take the car because he is not buying it. He's paying THE LOAN since (and we're assuming here) the buyer is not paying. In my experience, if the buyer wants to be a horse patootie, he can drive that car with a smile on his face and not make payments because the co-signer IS OBLIGATED TO MAKE THE PAYMENTS. If the co-signer does not make the payments, then HIS CREDIT IS RUINED! Never co-sign, if at all possible.


Rights of a co-signer on car if payments arent being made?

He has the right to make the payments or have his credit ruined. DON'T cosign a loan unless you are willing to make the payments if (when) the primary borrower defaults.


What is advance payment guarantee?

buyer will sometimes make an advance payments to the seller to enebled them to start acquisition or production of goods.


If a person is making payments on a motorcycle when do they get the title?

About 2 weeks after you make the last payment.


Will having a lien prevent the purchase of a home?

Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.Yes. A lien must be paid off before a property can be sold or mortgaged. In the case of a sale, the buyer's attorney will make certain the lien is paid from the proceeds of the sale before the buyer takes title.


Can the co-signer repossess a car deliquent in payments?

It wouldn't be a repossession, but if he has had to make the payments, he could sue the primary borrower and might get possession from the court.


If you co-sign on a car and make the down payment for someone can you take the car away from him and make the payments yourself?

ONLY if you are on the TITLE as co-OWNER. Otherwise you are just on the hook for the payments.


How do you get a co-buyer off of a car loan if they are in default?

You don't. If the cobuyer has possession of the vehicle and is no longer making payments, you as the buyer may take possession and either take up and make current the payments, or voluntarily surrender the vehicle. Failure to do so will result in repossession, and will adversely affect your credit.


What if previous owner still has title to the car you got a loan for?

I doubt that the title is still valid; but check with your lender before you make loan payments and make sure. They should be holding title in your name with a lien.


Can you write off the interest of a home loan if you are the primary owner but not the primary resident?

If you make the interest payments, you can normally write them off on taxes.


If you are the primary on a loan and the cosigner has the truck but won't make the payments can you go get the truck?

Talk to the bank, tell them to reposess the truck and you will take care of the payments. Then have them transfer title to you and sell the truck. That way your credit should take a minimal hit in the deal. Next time don't co-sign for anybody.


When is a title search not required for purchasing property?

A requirement for a title examination is usually triggered by financing. If the attorney who is representing the buyer must certify title to a lender then a title examination is required. However, any prudent buyer of real estate should have a comprehensive title examination performed to make certain the seller owns the property and there are no outstanding taxes, claims, liens and other encumbrances.