2007-08-25 05:29:03 · 6 answers · asked by xbrittanyx1 1 in Cars & Transportation ➔ Buying & Selling
The name on the registration is the owner of the car. If the co-signer is on the registration, they have a right to operate the vehicle. if not, not without the owner's permission. Worse case: "taking control" could be considered theft. This would be a criminal matter, not just a civil law question. Are you a minor and is the co-signer a parent? If so, that brings in issues of parental rights as well as property rights. I'm guessing that the title is held by a loan company. If so and the loan goes into default, the loan company can take the car, sell it, and go after any or all of those who signed the loan for the balance, plus costs. Details vary by state. Also, do you have a written agreement (a contract) with the co-signer? Does it give the co-signer any right to take or operate the vehicle? I recommend you get things straightened out before you wind up in court or with a bad credit record. Good luck.
2007-08-25 05:47:38 · answer #1 · answered by nam_miles 6 · 0⤊ 0⤋
Most of the time the cosigner will be on the title along with you. The names will normally be separated by the word "or" which gives them equal rights to the vehicle and the right to dispose of it without your consent. That's about the only concession that a co signor gets, but it is a powerful one.
2007-08-25 05:52:08 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Absolutely... It is their car. The co signer can sell the car to pay off the installment contract debt. All you have to do is miss one payment or be late. Presto someone does not drive the car. There are no refunds cause you made 11 payments... Rule !::: never cosign a loan of any nature.
2007-08-25 06:01:43 · answer #3 · answered by Gerald 6 · 0⤊ 0⤋
The short answer is "yes they can". They share in ownership same as you. If you are not living up to your obligations regarding the upkeep of the vehicle, insurance requirements and payments, the co-signer is obligated to take it.
2007-08-25 05:35:57 · answer #4 · answered by Oblivious 3 · 1⤊ 1⤋
No,they are just the loan guarantor.The lender is the lien holder.The co signer has no legal rights to the car,and his/her signature is not on the tittle.
2007-08-29 05:24:05 · answer #5 · answered by james m 5 · 0⤊ 0⤋
in a heart beat sure can
2007-08-25 08:39:13 · answer #6 · answered by steve-o 3 · 0⤊ 0⤋