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You cosigned on a truck for your spouse and you are divorcing how can you get another vehicle in your name The loan specialist states that you either have to sell the vehicle or get your name off?
Wiki User
∙ 18y ago
When a couple divorces usually home(s), properties, vehicles and contents of the home are divided equally. If neither mate can't come to an agreement then all these things are sold and the money divided equally between you. If there are children involved it's possible your wife could end up with the house and one vehicle. Since the loan specialist has told you to either sell the vehicle or get your name off, it means your wife can either take over the loan payments if she wants to keep the vehicle or it was promised to her in the divorce arrangements and to do so your name has to come off the loan agreement. Your loan specialist is giving you good advice. Do as he asks and then once that is resolved you should be able to get another loan for a vehicle providing you have collateral such as a home, property, etc., or you pull down a good wage. Sorry to hear about the divorce and good luck to both of you. Marcy
Wiki User
∙ 18y ago
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If you cosigned for a vehicle will this hurt your chances of purchasing another one?
It depends on your debt to income ratio and the total amount finance of the other vehicle. If you can afford two cars, it should not be a problem.
Do you have the right to take possession of a vehicle you cosigned when the person not making payments?
Yes.
Your ex cosigned car lease How do you remove her from lease without losing vehicle?
You can have another person cosign for that person. As long as your the primary you wont need her to get her off the lease.
What rights do i have to a vehicle that my wife cosigned for me but the title is in her name because i don't have a license?
None
If you co-sign for a vehicle do you have to be on the car's title?
NO, and shouldn't want to be unless you don't have faith in the one you cosigned for.
Saab divorced CD?
dont know what your asking but tech2 required for divorcing and marrying up to vehicle think this is what you meant
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.
Can the hazardous material Technical Specialist also be the transport vehicle operator?
yes
If you cosigned for a vehicle with your husband before you were divorced and are now divorced and the vehicle is repossessed can you be charged with grand larceny?
Typically, if you are a cosigner on a vehicle loan that gets repossessed, you are still responsible for the debt, regardless of marital status. However, being charged with grand larceny would depend on the specific circumstances and laws in your jurisdiction. It is best to consult with a legal professional for personalized advice.
If you cosigned for a vehicle loan and made the borrower sign and notarize a letter stating that in the event of default on the loan the vehicle automatically reverts back to you how do you enforce it?
Hire a lawyer and if the lawyer can't get it back for you, take them to claims court. You'll win for sure.
If a person cosigns on a vehicle loan and is listed as the primary buyer on the title and the person they cosigned for has refused to make any payments can the the cosigner regain ownership of the car?
If a person's name is listed on a title, that person owns the car. If a person merely cosigned the note, that person's name will not be on the title. If you own the car, you certainly can take physical possession of it.
Where do you go when you need to see an Auto Specialist?
What auto specialist is sought out depends on what problem there is with one's vehicle. For example, if the problem is with the exhaust, Muffler Man would be a good option.
