stickers and the cosigners license is blocked and i can't get my sticker for my car and the dealership won't change my registration to my name and the finance company won't help me what do i do?
2007-01-29 02:55:49 · 7 answers · asked by Gi-Gi 1 in Cars & Transportation ➔ Insurance & Registration
When you have a cosigner is for a reason. The car is under their name and you are listed as a 2nd driver.
Your only hope is to qualify for the loan and have the car under your own financial power
2007-01-29 03:00:49 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
If everything is in the cosigners name, you didn't have a cosigner, and the dealership didn't sell you a car.
Go back to your original paperwork. Are you listed there as the buyer? If so, the dealership made an error. Leave the finance company alone, it isn't their fault, but go back to the dealer and demand they fix the problem. Keep going up the chain of command all the way to the owner of the place if you have to.
If it turns out you can't do anything else, give the car to the cosigner and wish him well on the payments. No, I guess you really couldn't do that...
2007-01-29 03:04:47 · answer #2 · answered by oklatom 7 · 2⤊ 1⤋
Unfortunately this is a problem. More than likely, the lien holder wanted the car in your co-signers name because you have either bad credit, or no credit. Having it in their name gives them the collateral to repo it basically. I suggest you go back to the dealership where you bought the car and explain the situation. If they got the loan, chances are they also have some kind of good relations with the lien holder and may be able to get the names switched around for you. or do something to help you out. I am giving the benefit of the doubt to the dealership here. They may have had no choice but to do it that way. But if they are the ones that made the mistake and titled your vehicle incorrectly, you have not wasted the trip to the dealership...make a stink...don't make idle threats or be nasty, but, be firm and stand your ground.
2007-01-29 08:16:43 · answer #3 · answered by just me 6 · 0⤊ 0⤋
The Straw Purchase car loan, don't do a co-sign!
"This is the dark side of auto financing. A straw purchase refers to a person buying a handgun for someone who is ineligible to own one. That's how the Columbine High School shooters got their guns. With new car buying, the dealer tells you that with bad credit, you can't qualify for the auto loan so you need a co-signer. No problem, Grandma will do it for you. But Grandma is duped by the dealer paper shuffle and 2 weeks later you find out there is no co-signed auto loan, they wrote the auto loan in Grandma's name! This does not help your bad credit. Her name is on the title, and it's illegal for you to buy insurance on a new car that is not titled to you. This is pulled a lot on used car loans also. I hear Texas has laws against Straw Purchase auto loans. How To Avoid The Scam: Have both signers present, auto loans should have both signatures together. A notice to the cosigner is required by the Federal Trade Commission's Trade Regulation Rule on Credit Practices. With bad credit you should try a cheaper used car, with a used car loan".
2007-01-29 03:07:57 · answer #4 · answered by TheProphet 2 · 1⤊ 0⤋
This is fairly common,
If it were me, I would take the car back to the dealer, cuss him out really good for screwing around in the first place, then tell him to take the car back and absolve you and your cosigner of any debt.
Once everything was squared away (make sure to threaten legal action, as well as telling them that you will take out full page ads in the local papers telling what they did to you) I would go find a car that I could afford without a co-signer.
If they tell you they can't take it back because it has been driven, tell the guy you brought with you (you did remember to bring a friend that is at least 6' 240# and missing some teeth didn't you??) to drag the azzhole out back and 'convince' him to see things your way.
2007-01-29 03:03:05 · answer #5 · answered by superfunkmasta 4 · 0⤊ 3⤋
OKLATOM is right..The dealer sold the car to the " co-signer" ...Be damn careful what you sign and block out(strike a line) through any unused spaces above your name. Follow okla's information and have the dealer straighten this mess out. It may require an attorney, too bad.! Good luck.
2007-01-29 03:23:33 · answer #6 · answered by buzzwaltz 4 · 0⤊ 0⤋
the very best you can hope to do on this is get someone else to finance it for you so you can get it in your name and then get a sticker for it,until that's done you may not be able to do anything with it at all,the co-signer can,but you cant,good luck on this one your going to need it.
2007-01-29 03:04:38 · answer #7 · answered by dodge man 7 · 1⤊ 2⤋