98 votes

My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

The registration (title too, right?) is in your name, the car is yours. You need to decide how to politely tell her this.
JTP - Apologise to Monica's user avatar
90 votes

Dealer is pressuring me to return the leased car and lease another car

I feel like they are pressuring me to do something I don't want to. Not to mention they are literally calling my number twice a week leaving a voicemail. Of course they are, they want to make money ...
Hart CO's user avatar
  • 70.5k
67 votes

My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

"Her solution to the problem is to take my car" - i.e. THEFT. If you are on the title, it is your car. A cosigner has no right to the item purchased - all he did was guarantee the loan in case the ...
TomTom's user avatar
  • 11.5k
63 votes

My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

The car is yours, your name is on the title, and you are insuring it based on you being the driver (not her). You are responsible for parking tickets and toll evasion. Any arrangement you might do ...
Harper - Reinstate Monica's user avatar
52 votes

Looking for a new job - how do I handle my landlord with apartment lease renewing?

Inquire with the landlord about switching to a month-to-month lease, meaning you wouldn't have to renew for an entire year. It's been a while since I was a renter but I recall most apartment leases I'...
Dan C's user avatar
  • 550
37 votes

Dealer is pressuring me to return the leased car and lease another car

There is a shortage of used cars on the market right now as a result of the pandemic. It's an incredibly hot market for used cars, and the dealer is trying to secure what sounds like a very lightly-...
BobbyScon's user avatar
  • 14k
37 votes

Is a Co signer on a leased vehicle responsible for damages?

Yes. When you co-signed, you accepted joint liability for the car (presumably because the lender didn't think your sister was sufficiently trustworthy on her own). If there are damages, the lender ...
Justin Cave's user avatar
  • 27.3k
36 votes
Accepted

Should I move out from my current apartment before the contract ends to save more money?

In the United States the security deposit is to cover damages you make to the apartment or common areas. It is not to allow you to skip out of the contract. Frequently you are responsible for finding ...
mhoran_psprep's user avatar
29 votes

Moving out of apartment 2 months early but rent's already paid

The biggest stumbling blocks to these types of questions are when people want a refund, or in the cases where they haven't paid in advance they want to avoid being responsible for the last few months ...
mhoran_psprep's user avatar
29 votes

What's the best way to quickly get a car on low budget with a poor credit score?

I'm totally unfamiliar with car leasing, which I thought might be a more affordable and suitable option right now Leases aren't an "affordable" way to get a car. They're a way to get an ...
D Stanley's user avatar
  • 135k
24 votes

Moving out of apartment 2 months early but rent's already paid

Since you don't mention anything about getting a refund or anything similar I don't see what could be an issue with the scenario presented. There is nothing to prohibit you from having 2 apartments (...
Leon's user avatar
  • 4,107
21 votes

What risks are there to co-signing an apartment if I get the money upfront?

Having the money up front mitigates most of the risk. The main lingering piece would be if, as a cosigner, you are on the hook for damages in excess of the deposit (on all leases I've used/seen a ...
Hart CO's user avatar
  • 70.5k
20 votes

guarantor's responsibility if lease is completed, but tenants refuse to leave

We cosigned for the lease duration, not indefinitely. You cosigned the contract, and you're on the hook for the duration of the contract. The contract is in force for as long as the property is held ...
littleadv's user avatar
  • 174k
18 votes

Should I move out from my current apartment before the contract ends to save more money?

Since $1300/$300 = 4.333, it'll take you a bit over four months to recoup the lost $1,300 deposit. So... all else being equal and you plan on living in the $500/month apartment for five months, it ...
RonJohn's user avatar
  • 50.7k
18 votes

Dealer is pressuring me to return the leased car and lease another car

Be direct. "I would like to purchase the car, and am happy to talk financing options with you. I do not want to return the car." Just say that, every time they call. Then, as Hart said, ...
Joe's user avatar
  • 35.8k
14 votes

What's the best way to quickly get a car on low budget with a poor credit score?

some old affordable car, say a 2008-2010 Nissan or Hyundai with at least 100k miles mileage" A Japanese* car of that vintage is not old, and 100K miles is just nicely broken in**. You would do ...
jamesqf's user avatar
  • 11.1k
12 votes

My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

From a legal standpoint this is your car and your mother is committing something in the direction of theft. From a human standpoint your mother helped you by cosigning and you owe her a favor. So my ...
H. Idden's user avatar
  • 2,015
12 votes

Looking for a new job - how do I handle my landlord with apartment lease renewing?

Read your lease. It may already have a provision that it switches to month to month automatically after the lease term expires. I've had a few leases like that in the (distant) past. If that's the ...
Mohair's user avatar
  • 1,020
11 votes

Is a Co signer on a leased vehicle responsible for damages?

The co-signer is responsible for the payment, and paying it was the correct course of action on your part. As for getting your money back from your sister, that may be difficult, but I believe it's ...
TTT's user avatar
  • 47.2k
9 votes

Selling your leased car before its lease is over

Your discussions with CarMax must have missed an important point. In order to end the lease early, you must buy the car. You need to contact the leasing company (or log into your account, presumably ...
TTT's user avatar
  • 47.2k
9 votes

Selling your leased car before its lease is over

After seeing the debate in the comments about selling a leased vehicle at Carmax, I checked the CarMax site: Do you buy leased cars? Yes! In most cases, you can sell your leased car in almost ...
mhoran_psprep's user avatar
8 votes

My mother co-signed for my car. Can she take it away from me if I am the one making car payments?

"and I've now had a beautiful car for three months" The option is to go to the car place and switch the loan to two less beautiful cars in your name with the same total payments --- or even add a few ...
Randy Zeitman's user avatar
8 votes

Dealer is pressuring me to return the leased car and lease another car

Trying to be polite to a car dealer is the surest way of losing money. Don't don't worry about it, they have the thickest skins of any profession, surpassed only by repo men and tow truck drivers, ...
Eugene's user avatar
  • 453
7 votes

guarantor's responsibility if lease is completed, but tenants refuse to leave

The end of the lease is always a confusing time. In some cases the lease automatically extends for another year, unless either party files notice to not renew. In other cases the lease converts to ...
mhoran_psprep's user avatar
6 votes

Recording rental deposit return minus cleaning fees

I would work it something like this. You pay the landlord the deposit: Accounts:Checking 1000 Rental:Deposit 1000 Your subleasee pays you his deposit, which you track ...
Rupert Morrish's user avatar
6 votes
Accepted

Should tenant be allowed to have rent due on x days past start of the lease?

In most jurisdictions you have quite a bit of latitude in what you and your tenant agree to. Some people like monthly expenses to hit at a time other than the 1st because of the timing of their ...
Hart CO's user avatar
  • 70.5k
6 votes

Dealer is pressuring me to return the leased car and lease another car

Your choices are clear: If you like the car and want to keep it, then buy it. The purchase price is in your contract from 3 years ago and they can't charge you more than that. Since you're 26K under ...
TTT's user avatar
  • 47.2k
6 votes

What's the best way to quickly get a car on low budget with a poor credit score?

Buy used, from an individual seller not a dealer, aiming for a $1000-3000 price tag, and pay cash up front. The examples you mentioned in your question: some old affordable car, say a 2008-2010 ...
R.. GitHub STOP HELPING ICE's user avatar
5 votes

options when car is worth more than lease buyout costs

Are there any other options I am not realizing exist which I could pursue instead to get a substantial portion of this? There are used car sellers that would allow you to bypass a lot of the hassle....
Hart CO's user avatar
  • 70.5k
5 votes

Should I move out from my current apartment before the contract ends to save more money?

As others already mentioned, 1300 is quite a lot of money to just walk away from, especially for someone who would consider moving to an appartment that costs 'only' 500. So, consider these scenarios ...
Dennis Jaheruddin's user avatar

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