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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
by paying the bill or rebuy it at an aucton
No.
If your vehicle is destroyed while in possession of the tow companies lot are they responsible?
If your vehicle is the collateral for the loan, then yes.
yes, at least have it in your personal possession if not in your vehicle
If a cosigner's name is not on the title they have no legal claim to the vehicle. They can file a lawsuit against the primary borrower to recover money that they contributed towards the paying of the loan.
Possession is 9/10th of the law. Not if the vehicle qualified to be listed in the bankruptcy filing. In which case no action pertaining to the vehicle can be taken until the bankruptcy proceedings are finished.
Whomever is named on the TITLE has equal rights to the possession of the car.
Maybe.... did they see you throw it out of the vehicle or - were you near enough to it so that you were in "constructive possession" of it?
The only way that a co-signer can take possession of the vehicle is if they are listed on the title as a co-owner. Even if they are a co-owner, they cannot just take the vehicle. They would need to sue the primary borrower in court to gain possession.
Well, technically, whoever was in actual physical possession of the vehicle at the time the ticket was issued. However, as the registrant of the vehicle, it's going to be assumed to be on you, and you'll have the burden of proof to show that you weren't in possession of the vehicle at the time the ticket was issued.