How do i get out of a car note i signed for but is my cousins car?
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?
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?
vixeninavw
Favorite Answer
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!
Anonymous
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
oklatom
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.
backyard mech
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.
Anonymous
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.