As a co-signer on an auto loan, how can I go about obtaining the vehicle if the other person defaults?

Both of our names are on the title as well.

  • 3
    What country and state? – Rocky Oct 15 '15 at 21:14
  • Are you currently on the title, or does the title entirely belong to the other person? – ChrisInEdmonton Oct 15 '15 at 21:24
  • @ChrisInEdmonton i am on the title – Alexis Oct 19 '15 at 1:37
  • @Rocky South Carolina, United States – Alexis Oct 19 '15 at 1:39

Unfortunately, co-signing the loan does not give you anything like the right to foreclose if the other person stops paying. To do that you would need a separate contract with the car's other owner, which I am presuming you don't have. Without paperwork, these are separate issues.

You need a lawyer. More accurately, you needed a lawyer before you co-signed the loan; there may not be much you can do now.

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