I signed for a car for my cousin, but she is not making her payments on time. I want to get out of it before she ruins my credit. Can I sell it to her if she is the cosigner?
2007-02-06 04:51:00 · 11 answers · asked by Me 2 in Cars & Transportation ➔ Buying & Selling
If she wants to keep the car, she will have to get it financed in just her name (or with another co-signer). But if she won't do that, you are most likely on the title & should be able to sell it...but you may need to get her signature on the title to do that...
Good Luck!
2007-02-06 05:06:01 · answer #1 · answered by vixeninavw 2 · 0⤊ 0⤋
two ways i can think of call the seller and have them take the car back in the night ,. or go to the nearest lawyers office and get some free advice the first hour is free ,. or call your whole family every one in the area and tell them about her she will be shamed into doing the right thing of course now you know what the reason folkes say never lend money to a friend or worse to family they will screw you up every time .. an alternative would be to e-mail one of those judge shows and go on it between the fees thay pay both of you you get a free trip to the city and then the car paid off .., its an idea the other option is you go and get the car and keep it till its paid on time if she or he comes out and you have the car at your house then they will maybe learn not to screw up . then give back the car when they pay on time makes them still hate you but anytime you put money in between family they go nuts
2007-02-06 13:03:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The only time to get out is just before you sign. Yes, if she doesn't pay they will come after you, and it will ruin your credit. Talk to your cousin, if you don't owe more than the vehicle is worth perhaps you could sell it and get it paid off that way. Next time say "NO"
You might also talk to the finance company, but don't expect them to do anything that would reduce their chances of being paid.
2007-02-06 12:58:41 · answer #3 · answered by oklatom 7 · 0⤊ 0⤋
The only way you can get out of the note, other than making the payments yourself, is to take the car from her and sell it yourself. Your name is on the title and therefore the car is actually yours.
2007-02-06 13:01:09 · answer #4 · answered by backyard mech 2 · 0⤊ 0⤋
I've never heard of that. How can you sell a car to someone who can't make the payments they already have. Who's name is on the title. Take her to court and get the car sold.
2007-02-06 12:56:17 · answer #5 · answered by Anonymous · 0⤊ 0⤋
How could you sell it to her, if she won't even make 1 car payment...no, you are just screwed, you should never have co-signed in the first place.
2007-02-06 12:54:39 · answer #6 · answered by Daniel-san 4 · 0⤊ 0⤋
Try to have her refinance it in her name only, you may have to go through a finance company if her credit is not good enough for bank financing. That is the only way to get your name off of the present note.
2007-02-06 12:56:59 · answer #7 · answered by Indiana Jones 6 · 0⤊ 0⤋
Yes you can sell it to her but she will have to qualify for the loan. She'll qualify, but the interest on the loan will be high. It's probably the reason you co-signed to begin with.
Good luck! If you don't nip this in the butt now it's going to bite you so hurry!
2007-02-06 13:09:05 · answer #8 · answered by rob1963man 5 · 0⤊ 0⤋
GO to lawguru.com. It's a legit legal website that allows you to ask one free legal question every 15 days and a lawyer in your area will respond. I have used it many times. Huge help.
2007-02-06 12:55:50 · answer #9 · answered by heartache 4 · 0⤊ 0⤋
yes you can sell it to her or you can put the car up for sale and anybody can buy it. this will take your name totally off of it. technically you are the original owner so you can do whatever you want with it. you can also take it back to the dealer and see if they will buy it back from you
2007-02-06 12:56:18 · answer #10 · answered by LAMONT J 1 · 0⤊ 0⤋