My bf's ex is a cosigner on his auto loan. Can she take the car even if he has made all the pay

All the payments on the vehicle have been made and are up to date and he's worried that she can legally take the car away from him. Even if she can't, it's still a hassle to even deal with this. Just wondering if anyone can tell me how to handle this because he can't refi the loan until this is settled.

Thanks!

My bf's ex is a cosigner on his auto loan. Can she take the car even if he has made all the payments(on time)?

The above answers are good - to a point. As the cosigner, she may have recourse to have her name removed from the loan - which would result in your bf having to refinance the car with either his credit or another cosigner. If her name is on the title as co-owner of the car, she is entitled by law to half of whatever that car sells for, if she desires to pursue that option. She could NOT just show up and 'take' the car as both names would be on the ownership documents. Hopefully she will be a big enough person to sign off on the title when the time comes.

good luck

My bf's ex is a cosigner on his auto loan. Can she take the car even if he has made all the payments(on time)?

The best way to handle these situations can be to sell the car and pay off the loan. Then they are no longer tied to a loan together - the next car he buys he can do without her. Now if she is on the title of the car she would need to agree and I believe sign off on the sale.

My bf's ex is a cosigner on his auto loan. Can she take the car even if he has made all the payments(on time)?

Apparently, your boyfriend did not have good enough, or any credit, for that matter. His ex helped him out (using her credit), by co-signing the loan. What this does is guarantee that someone is responsible for the loan if payments aren't made according to the schedule agreed upon with the financer. If your boyfriend continues to make timely payments, the cosigner is merely a signature on the finance documents, and has no legal claim to the car. I am assuming the registration is in your boyfriend's name, as well as the insurance. When all payments have been made, the title of the car will be sent to your boyfriend, which means that he owns the car. As far as refinancing, if your boyfriend's credit is still non-existent or bad, he can refinance using another co-signer.

My bf's ex is a cosigner on his auto loan. Can she take the car even if he has made all the payments(on time)?

Co-signing a loan does not make her a part owner of the car. If her name does not appear on the title it is not her car. If your boy friend gets behind on his payments, she is legally responsible for the loan. He should be able to refinance the loan without her permission, and I would imagine that she would be relieved if he did.

My bf's ex is a cosigner on his auto loan. Can she take the car even if he has made all the payments(on time)?

the auto loan has nothing to do with posession...it's who's name the title is in...they own the car legally and fully. if your husband has the title in his name only, he can tell her to stick it! if it's a joint title, then there are issues as she does own half of the vehicle. check the title before you worry too much though...most of the time it is only in 1 name.