QUESTION
I'm a cosigner on vehicle can I take the car from that person?
Asked on Feb 15th, 2020 on Civil Litigation - New York
More details to this question:
I foolishly co-sign on a vehicle for a long-term boyfriend and we have broken up. I Know he won't be able to make the payment's on the car. Instead of my credit sinking can I take the car?
1 ANSWER
Automobile Accidents Attorney serving New York, NY
Partner at
Kramer, Dunleavy & Ratchik, PLLC
4 Awards
Depends on what you mean by "co-sign". If you are simply guaranteeing finance payments under a lease without having any actual ownership interest in the vehicle, then you cannot simply take the vehicle from him. Especially if he's still making payments. You might want to have a converation with your ex-boyfriend and see if he will voluntarily turn over registration to you.
Best,
Jonathan R. Ratchik, Esq.
Kramer, Dunleavy & Ratchik, PLLC
61 Broadway, Suite 2220
New York, NY 10006
(212) 226-6662
www.kdrpilawyers.com
Answered on Mar 09th, 2020 at 2:53 PM