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      07-15-2012, 06:33 PM   #1
jokergerm
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Can a co-signer make you sell your car?

NOT MY CAR!!

One of my retarded empolyees got the bright idea to have his 18 year olds girlfreinds grandmother co-sign on a car.

Well 2 weeks later they split up and now granny wants the car back. Can she do this?

My employee is 1st on the registration and granny is 2nd.

I was under the impression that as long as he is current on payments he can keep the car.

Not saying its the right thing to do, but leagally?
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      07-15-2012, 06:38 PM   #2
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I think that this involves you and no employees.
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      07-15-2012, 06:40 PM   #3
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Quote:
Originally Posted by BMWinNorthdakota View Post
I think that this involves you and no employees.
you are a total moron, Im 29 and married. with 55 employees.

I dont need co signers
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      07-15-2012, 07:59 PM   #4
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The grandma is just being a vindictive old bitch.

As long as she hasn't made any payments, your employee should be fine....
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      07-15-2012, 08:51 PM   #5
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Quote:
Originally Posted by MadDog View Post
The grandma is just being a vindictive old bitch.

As long as she hasn't made any payments, your employee should be fine....
Ya i dont think anyone has made payments yet, he just got the car like 10 days ago.

I totally called him happening the day he got it also
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      07-15-2012, 09:26 PM   #6
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Not posting anything helpful, but what kind of car? lol
What line of business are you in, was it restaurants
Take my comment with a grain of salt, but I don't think the co-signer has power over that as long as the car is being taken care for. Did she approach your employee?
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      07-15-2012, 09:30 PM   #7
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Originally Posted by eamon View Post
Not posting anything helpful, but what kind of car? lol
What line of business are you in, was it restaurants
Take my comment with a grain of salt, but I don't think the co-signer has power over that as long as the car is being taken care for. Did she approach your employee?
Yea i own 3 busy pizza places

it was a 2006 escilpse GT

i dont know the other detials. he was just all mad about it and i said that i dont think she can touch your car if she is just a co signer
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      07-15-2012, 09:46 PM   #8
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Google is your friend?

http://wiki.answers.com/Q/Can_a_cosigner_sell_a_vehicle
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      07-15-2012, 09:48 PM   #9
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As a co-signer she is obligated to pay the loan if it defaults. She has zero control over the car unless her name is on the title. If just her name is on the title then she can sell the car, if not then there is nothing she can do.

Plus, what they said above
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      07-17-2012, 03:18 PM   #10
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Quote:
Originally Posted by BMWinNorthdakota View Post
I think that this involves you and no employees.



But, like everyone else said, a co-signer can't make you sell the car.
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      07-17-2012, 06:05 PM   #11
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what if he kept the car, didn't make payments, and just messed up her credit as revenge?

Cause technically he's not stealing the car if his name is on the title

is her name on the title too or just the loan?
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      07-17-2012, 07:32 PM   #12
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Quote:
Originally Posted by persian54 View Post
what if he kept the car, didn't make payments, and just messed up her credit as revenge?

Cause technically he's not stealing the car if his name is on the title

is her name on the title too or just the loan?
How is messing up your own credit at the same time revenge? Besides she would more than likely be notified of non payment.
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      07-17-2012, 08:04 PM   #13
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Quote:
Originally Posted by fitchesbass View Post
Quote:
Unless the Primary Signer is dead, the cosigner cannot sell the car.
I'd watch my back, OP, depending on how much of a vindictive old bitch the grandma is.

Quote:
Originally Posted by jokergerm View Post
Yea i own 3 busy pizza places


^Just pulling your leg. Found it funny how quick you jumped to defend yourself on the internet But seriously, you're fine. They can't take the car if you're the primary. Just don't die
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      07-17-2012, 08:27 PM   #14
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Quote:
Originally Posted by Jaypod View Post
How is messing up your own credit at the same time revenge? Besides she would more than likely be notified of non payment.
He's young, he can rebuild it

I was kidding, sorry if I didn't make it obvious
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