If you are on the note and not on the title, you are in a tough spot. You don't have much choice but pay: you owe the money, but paying does not result in your owning the car. By making the payment, you have the right to make the other person on the note pay you, but it doesn't seem that is likely. If you paid off the loan, you'd end up with the car lender's rights and could foreclose on the loan. I take it the other person on the loan isn't willing to sign over the title. You could use the fact that you become that person's creditor as soon as you pay an installment on the loan as leverage.
Answered on Sep 24th, 2011 at 7:02 PM