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You co-signed a car for your friend but the dealership listed as a joint owner how can you get your name out of this?
Wiki User
∙ 15y ago
If you co-signed a car loan for your friend your name SHOULD appear as joint owner in case your friend defaults on the car loan. If there is a default you will need to take over the car and payments in order to protect your own credit record. You cannot take possession of the car unless you are a joint owner. You should make certain your friend has full insurance coverage on the car in case it is wrecked before the loan is paid off. You entered a situation in which you made yourself legally responsible for paying for your friend's car. You may also be held legally responsible for any damages caused by the negligent operation of that car. The only way you can "get yourself out of it" is to pay off the loan and transfer the title to your friend.
Wiki User
∙ 15y ago
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If the person you cosigned for refuses to pay on the car loan after a year and a half can the cosigner take over payments and get possession of the car?
Only if they are a joint title holder of the vehicle.
The bill for my car comes in my name but I also have a co-signer whose name is not on the bill I need to know who legally owns the car?
If you cosigned for the loan you are joint owners of the car.
What joint allows you to wave hello to a friend what type of joint is it?
hi
My friend has 3 children that never come to see him he has me listed on 3 bank accounts as right of survivorship can this be contested by his children after his death?
Yes it can be contested. Have your friend put your name on the accounts making them joint accounts. The children can still contest it but it severely weaken their claim.
Is the credit rating of a cosigner's spouse affected?
This should not show up on your personal credit report, but if you jointly apply for a loan (it is usually required that both spouses be on real estate transactions) it will be listed as one of his obligations and possibly reduce the amount that will be approved. And if the cosigned loan is in default or has been charged-off or repossessed, it could make it difficult to get a joint loan.
Which joint listed in the table can be easily dislocated or pulled apart?
ball and socket
How much does ball joint repair cost on a Jeep Liberty?
It's a recall so it's free if you go to the dealership!
Your friend has 3 children that never come to see him he has you listed on 3 bank accounts as right of survivorship can this be contested by his children after his death?
Yes it can be contested, but the real question is will they win. The mere fact that they are blood relatives and you are not does not overcome the joint bank account title unless they are able to prove that it was not the decedent's intent that the accounts should pass to the joint owner. This is not easy to do. And the mere fact that the accounts are in joint names does not mean that they should not belong to the estate. Some elderly people will make joint accounts with a child or friend for the sole purpose of allowing that child or friend to help conduct banking transactions without intending that the funds should go to the joint owner. The ultimate answer is what did the decedent intend.
Who wrote don't bogart that joint my friend?
Don't Bogart that joint.........by, ' Fraternity of Man ' ....Ed from Freeland Pa.
Can you get joint pain from Crohn's disease?
My best friend has Crohns and suffers from a lot of joint pain and swelling in her joints.
Is replacing a CV boot expensive?
If you are talking about just the boot, and not the whole CV Joint (Axle), then no it's not that expensive. The boot itself should be under $50 depending on your make and model of vehicle, and the labor, even at a dealership should not be all that bad. You can call your local dealership and get a price over the phone. Now if you need the whole thing, CV Joint, that can be expensive depending a lot on the vehicle. I had a Z-71 Silverado and the dealership wanted almost $1000.00 to replace the CV joint on it. After doing a little research I found out that most of the money for the repair was for the part itself. So I bought an aftermarket CV joint from Carquest for under $100.00 and had the dealership install it using my part from Carquest. The total bill was under $200.00. Hope this helps.
If some is listed as a joint owner with the right of survivorship can they take your car before death?
no
