I have a car, both me and by grandpa are on the title. As I cannot get loan on my own, my grandpa is my cosigner. My grandpa is almost 90, and chances are he may not be around till the loan is paid off.
I have been paying on my car loan for almost 3 years now, never late and usually a little extra. The car was new and has low mileage, but I still have around $12,000 to be paid, and the car itself may have a resale value of around $6,000.
Refinance on my name is not working out as I don't make enough on my own and have a poor credit score from this loan and school loans.
My family members, particularly my aunt (his daughter), are telling me that when my grandpa dies they are taking my car. Because my grandpa is on the title as well as me, I think they can legally do this. She hasn't mentioned taking over the payments on the loan, which I think I would be obligated to continue as my name is on it
However, my grandpa is still alive and I get along well with him.
Is there anything I can do to keep the car? Notarized, put it in the Will?