You can if you listed yourself as the lien holder of the car at the time you transferred the title to the person making payments. If you did not do this at the time you transferred them the title, you can not legally do anything.
When someone co-signs, they are basically just agreeing to making the payments when the signer can not. * Any legal rights that a cosigner or a co-buyer(borrower) have depend upon whether or not their name is on the title to the vehicle.
Check with the Secretary of State in your area to confirm you can be the lien holder for the vehicle. Assuming you can, simply sell the vehicle to the buyer, and list yourself as the lien holder on the title. It would be a good idea to utilize a contract to outline payments and if you require the buyer to maintain insurance on the bike until the lien is satisfied. Hope this helps. DealerOffices.com
Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.
First you have to find the car, then you can repo it yourself or hire a repo company to do it. Email me if you need more help. Good Luck
LEGALLY, YES, you can go get it IF your name is on the TITLE. be ready to deal with the money part of the deal from him.
no,you should have title.
IF you are NOT on the TITLE, contact the lender, explain the deal and ask them to repo for you, take the buyer OFF the loan and let you take possession. That will NOT get the payments off you but will give you room to work. You are not the first person to have the problem and most lenders will ways to solve it.
These type of transaction is illegal since there was no car title that has to be presented in selling that car.
If the vehicle is paid off yes...If you are still making payments and you want to sell to an individual you will need to talk with your lienholder. If you are selling to a car dealer they will handle it for you.
keep the title until they finish paying it off.
Yes..... I did
I would insure any car that I was driving or making payments on. If you are on the title then you are an owner.