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What is the responsibility of a co owner of a car after divorce?
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Can a co-signer have a car legally repossessed because of non-payments?
NO, that is the job of the leinholder. YOU dont want the responsibility of repoing it either. IF you are listed on the TITLE as co-owner, you can go get your car. Otherwise, sit back and enjoy the fruits of co-signing.
Can a co-owner sell a car without the primary owner?
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
Can a primary owner sell the car without co owner?
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
Can a co-signer repossess a vehicle if a sibling is not making payments?
The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title. If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto. Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.
You want to take the car from the co-owner?
The best way to take the car from the co-owner is to have the car refinanced alone. Once the care is solely in your name, you can repossess the car.
If an uninsured person borrows your car and gets in an accident deemed by the other insurance co to be her fault when your insurance has lapsed who is liable the driver or the car owner?
I am sure that there are examples to the contrary, but the car owner is the one responsible for the insurance. It's your car. It's your responsibility to make sure it is insured......it would also be your responsibility to make sure whom ever you loaned it to were licensed and legal.
What rights does a car co-owner have in Alabama?
Each co-owner has the right to the use and possession of the vehicle.
Can the owner report the car as stolen when the co signer has it?
You can report it stolen but they wont do anything once they find out a co owner has the car. They cant steal a car they own.
Is it legal for a co-owner to take the car from the primary owner if car is not paid for in full?
If you are the only person making payments on a car and you are the primary owner. If the co-signer takes the car and will not give you the car back is there any way to get the car back in your possesion?
Can primary owner refinance a car loan without consent from co owner?
A primary owner cannot refinance a car loan without consent from the co-owner. Both parties must agree to the action.
Can a co-signer take the car away from the primary driver?
The automobile's title/registration determines the legal owner of the vehicle. Loan documents only concern the signer's legal responsibilities with the bank. If both names are on the title and you as primary are not paying on the loan then it is the responsibility of the co-signer to pay the loan. Since the the co-signer is still co-owner, and they are paying then the co-signer can take the car away. Remember this is affecting the co-signer's credit as well as your credit.
Can a co signer sue the car owner?
Generally, yes, assuming that the "car owner" is the person who took out the loan that was co-signed AND that the owner defaulted on the loan and the co-signer was forced to pay the balance of the loan. Typically, the main borrower, i. e. the car owner, is primarily liable for the loan while a co-signer is only secondarily liable. This means that the co-signer has no obligation to make payments unless the primary borrower defaults. In most contracts involving co-signers, the contract will have a provision that if the co-signer has to pay on behalf of the primary borrower, then the primary borrower must indemnify the co-signer. If the primary borrower refuses to pay the co-signer, the co-signer can sue the car owner to recover what he paid for the car owner.
