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
You locate the car and remove it from the possession of the default debtor.
if you are behind at least 2-3 months behind in payments then they can come get it whenever they please
You absolutely can trade in your vehicle even if you are behind on your payments. When you trade a vehicle in the dealership you are purchasing from pays off your previous loan in full, so being behind on your payments will not affect anything other than the total amount due on your car. Of course when the new dealership runs your credit report it will probably reflect that you are currently behind and will also show how many months you are behind.
If they are accepting your payments, they probably won't take your car.
Just to be awkward, I rather think it should be 3 months' time. Months are not in possession of time !!!! I believe it would be "3 months time". Answer above is correct in that months cannot be in possession of time; however, "3 months' time" would still be giving the word "months" possession.
1 year = 12 months 2 years = 2 x 12 = 24 months. Number of payments in a month = 2 Number of payments in 2 years or 24 months = 2 x 24 =48 payments.
If you are caught with a bowl and have no other possession and are only using it for tobacco, than you will not receive any charges. However, drug possession is illegal and unsafe and paraphernalia can get you at least nine months in prison.
It may be. More importantly, do you want your child to be homeless? If you fall far enough behind on the mortgage payments the mortgage company could foreclose ... and then where would your child be? More likely, your state will go to your employer to garnish your wages for the payments to make sure you fulfill the arrearage and stay on time with future payments. Answer these questions for yourself: are your car payments on time? are your rent/mortgage payments on time? have you bought yourself any clothing in the past couple months? have you bought any gifts for others in the past couple months? have you gone out to eat in the past couple months? If your answer to any of these is YES, then tighten your belt, grow up, lose the self-indulgence and act like an adult ... a parent. Short of significant physical injury or illness beyond your control, you will face consequences.
Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.