A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
The primary and cosigner on a car note are equal owners. Neither has the "right of ownership" over the other. This is a common misconception. Both may not benefit from the transaction, but both will be negatively affected if the note is not paid.
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
If you owe money on a car loan or are a cosigner for a car loan, yes.
I had this very same instance come up and the police were called. They told me that as long as the payments were being made and you have proof of you making the payments on time, the cosigner has to leg to stand on when trying to take the car. So NO your cosigner can not take the car.
No. Unless the cosigner is also a title holder they have no legal rights to the vehicle.
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. You need to discuss this with the lender.
Unless you are also on the title you will need to do it through a lawsuit.
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.
NO! He is only guaranteeing the loan. He has no legal right to take the car.
If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?