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Can a co-signer take the car away from the primary driver? |
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[Edit]
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-singer can take the car away.
Remember this is affecting the co-signer's credit as well as your credit.
Answer
The automobile's title/registration determines the legal owner of the vehicle.
Loan documents only concern the signer's legal responsibilities with the bank.
First answer by ID1144355322. Last edit by ID1144355322. Question popularity: 38 [recommend question]
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