You are confusing me. The primary borrower should have the registration, insurance, and possession of the vehicle, not the cosigner.
I am currently going through a situation where I cosigned for a car for my sister. Due to her lack of making payments, I have hired an attorney to try to obtain possession of the vehicle. Both her and I are listed on the registration/title as 'or'. She has possession of the vehicle, the registration (which I obtained a copy of from the Motor Vehicle Office) and carries the insurance. My attorney tells me although I am on the title, registration, and loan, in oder to 'take' the car I have to go to court and have the judge issue a Writ of Possession. This being the case, depending on your state laws (I am in Florida), the other person would likely have to go to court to get the Writ of Possession to take the vehicle from you. I have learned the hard way (I am quite jaded because of this experience) the person who has the car in their possession has most of the rights - regardless of who is making the payments. Hope this helps. DON'T EVER CO-SIGN FOR A CAR FOR ANYBODY NO MATTER WHAT!!! PLEASE LEARN FROM MY MISTAKES!!!
Only if represented on the registration.
Not in the UK.
Contact whomever holds the lien, they will allow you to make payments and take posession of said vehicle if signor has ceased to make payments. I have already contacted the lien holder and they advised me that they would not get involved with me taking possession of the vehicle. All they wanted from me were back payments. I brought the payments up to date. Now I want to get the vehicle in my possession. Unfortunately I have been unsuccessful at contacting the person I cosigned for. I've even heard that he may have moved out of Michigan. I have a copy of the Michigan registration showing myself as an owner. I am currently awaiting documentation from the state that I am on the title. What is my next step towards getting possession of the car?
The repo man will tell you that, but no it is not true.
Insurance would not require a valid registration but in order to be able to drive the vehicle you would need to register the vehicle again. You probably would not be able to register the vehicle until after you insure it.
yes, at least have it in your personal possession if not in your vehicle
One has nothing to do with the other unless the insurance carrier is asking for the registration to show that the vehicle belongs to you. Often times they will require you to show them a current copy of the registration or the title to the vehicle. The registration is used because most vehicles are financed so the bank or finance company would have possession of the of the actual title since they are the leinholder.
Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
Whomever is named on the TITLE has equal rights to the possession of the car.
They might be able to garnish your payments for the money that you owe them , but nothing more since vehicle has been repossessed.