Property Law

When can cosigner attempt to sell car?

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2014-08-27 21:22:10
2014-08-27 21:22:10

A cosigner can attempt to sell the car at anytime. However, in order for them to sell it, they have to have the other signer's signature.

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It depends on what the title says. The title can say "The owner of the vehicle is Name 1 or Name 2." If the title says this then the cosigner has limited rights to get the car. Whoever has the vehicle can sell the car without the cosigners signature. Now if the cosigner has the car, the cosigner can sell the car without the main owners signature. If the title states Name 1 and Name 2, then you have same rights as the main owner of the car. This means if Name 1 trys to sell it, they can't sell it without your signature.


No, both parties would have to be in agreement and sign off to sell or trade the vehicle.


All of the owners of the car have to sign to transfer it or sell it, and that includes donating it.


No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.


If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?


No. Both must sign if both are on the title. Unless the Primary Signer is dead, the cosigner cannot sell the car. Also, having a power of attorney specifically for selling the car will give you the right. Let's say he is overseas and you want to sell the car, you have the right when he signs it over to you (power of attorney). A co-signer is only a guarantee on a loan, not the owner of property. If the owner of the car is still of sound mind and body, only he or she can sell the property.


When you cosign for anyone you are taking 100% responsibility for the payments on that car. If the person that gets the car doesn't keep their payments up it will be repossessed by the bank with an option for the cosigner to take over payments or sell the car and pay back the loan. Marcy


The usual legal recourse for the cosigner when the person named as the primary on a loan has defaulted, is to make the payments on the loan. Then, the cosigner can take the person who defaulted to court to try and recoup some of the money they are out. If the loan was for a car, some states allow the cosigner to take possession of the car and sell it to recoup losses also.


Yes: Your spouse/children can be included on your insurance policy regardless of who was/if there was a cosigner on the car.



No, the cosigner signs on to the loan. Usually, the primary signer owns the car and drives it. The cosigner is there in case the loan goes into default and needs to be paid for. After they sign on the car does not belong to them, but the person who took out the loan.


The cosigner issue here is misplaced. The liability of a cosigner comes into play if the primary owner of the car cannot make payments. In the case presented, the primary borrower is doing fine. There is nothing a cosigner can do to take a car away.


I'am a cosigner on the car that I'am driving. I have the title but it is in my ex-husband's name and mine. Will the DMV in Mississippi let me register the car if he is not present?


No. If you are not on the deed, you can't sell the property. The only "right" you have as a cosigner is the obligation to make the payments.


Not unless the the cosigner is on the vehicle title. If not on the title the only entitlement the cosigner has is to pay the bill.


If the other owner is on the title then they are needed. If the other individual was just a cosigner on the loan then they are not needed to sell the vehichle. This information should be on the back of the vehichle's title.



If you need a cosigner for the loan because of bad credit, it means you can't afford the car.


if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner


Some who has character My Friend it is very difficult to get car loan with no credit and no cosigner although you have to contact some good car lenders in your area they can guide you better.


you must have the signature of both signers


Yes. If you signed the loan, you are still legally responsible for it.


Yes you can, but you must not attempt to hide any known faults.


Car Vision is a car dealership that offers users cars to buyers. At Car Vision, one can buy a car, change their oil, or attempt to sell their car to the owner.


No. You are only cosigner on the one vehicle you signed for. All bets are off once the car is traded.



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