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Can the primary account holder on a car loan sell the vehicle without the cosigner's consent?
Wiki User
∙ 8y ago
If the title is in his name.
What if the tittle is in both of there names? We are wanting to trade off our two cars but we have a co signer who we are no longer speaking to. We are wanting to trade both cars in on one and we are wanting to lower our payments. What do you think? Could we go back to Toyota where we bought them? Trade both in and then get one lower payment if the deal works on with the dealer? We have 2 2005 cars and would to trade on 1 2004 or 2005 car. What do you think?
Wiki User
∙ 8y ago
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If the primary lender loan discovers that the cosigners signature was forged can the primary repo the vehicle no matter what the time of discovery?
If the signature was not only forged but done without the knowledge of the person, the party involve has a bigger problem than a "repo". Be that as it may, the agreement was made fraudulently and the lender has the right to reposession and recovery of expenses, by whatever means necessary.
What is a type of savings vehicle?
Checking account
What should you do if you are the primary on your car loan but the cosigner has been paying and you cannot afford the payments any longer?
Sign off your interest in the vehicle to the primary, letting him/her have the right to sell or drive the vehicle. Either way, the primary needs to have control of the property that he/she is paying for.
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
Can the primary borrower on a car loan take the vehicle away from you?
YES IF YOU DO NOT FOLLOW THROUGH WITH YOUR AGREEMENT.
Does a cosigner have to be on the title of a vehicle?
No, cosigners don't have to be on the title. The loan and the ownership of the vehicle are under two completely different agencies.
What are the requirements for vehicle cosigners in Florida?
to love you and be crazy enough to trust youll pay for the car cause if you dont theyll go after them....
If the primary lender loan discovers that the cosigners signature was forged can the primary repo the vehicle no matter what the time of discovery?
If the signature was not only forged but done without the knowledge of the person, the party involve has a bigger problem than a "repo". Be that as it may, the agreement was made fraudulently and the lender has the right to reposession and recovery of expenses, by whatever means necessary.
Could I opt out of a cosigner of an vehicle so that i will not get into any trouble with Section 8?
Normally the program does not take into consideration any cosigners of the loan or coownership of the vehicle: if the assets belonging only to you then it will count as an asset.
I am the buyer but co buyer has car and hasn't make the payment what are my rights?
i am the buyer made payments but the co buyer has the car and has not made any payments what are may rights Very generally speaking, cobuyers (cosigners) have the same rights to the vehicle as the primary buyer, however, you may or may not have the right to take possession of the vehicle without permission of the buyer. Some states have specific laws about taking possession of a vehicle under those circumstances.
Can a co-signer take the vehicle away from the primary buyer even if they have not missed a payment?
Of course not. The car belongs to the person listed on the title and to the lender who holds lien rights, and not to you. You own nothing here. The only interest you have in this vehicle is that you have guaranteed to pay the loan if the primary owner does not. They are making payments, so what is your problem? You have no rights to the vehicle at all. If you were to take the vehicle without the consent of the owner, you can be charged with theft of a vehicle. As long as the payments are being made on time you have no need to do anything.
Is it legal to use vehicle in video without consent?
no
What does popular consent mean?
deal with who can consent/object to a lawful search of a vehicle
Can a cop search your vehicle without written consent?
Certainly. In many cases written consent would be difficult.
If the cosigner has had possession of vehicle 15 months paying the payments does the primary have the right to the vehicle?
will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle will primary on a auto loan have right to the vehicle if cosigner has been paying loan for 15 months and has possession of vehicle
Who owns the vehicle if you are the primary on the vehicle loan?
The lender owns the vehicle until it is payed for by the lender. The Primary lender will own the vehicle once it is payed for. It also depends on whose name appears on the title.
Is it legal for an employer to open your vehicle without consent?
No, not without your permission.
