BMW X3 Forum
BMW X3 Forum
Welcome to the ultimate G45 BMW X3 community.
BMW Garage BMW Meets Register Today's Posts
Post Reply
 
Thread Tools Search this Thread
      07-15-2012, 07:33 PM   #1
jokergerm
Lieutenant
132
Rep
571
Posts

Drives: 2015 M6 GC
Join Date: Oct 2010
Location: seattle

iTrader: (0)

Can a co-signer make you sell your car?

NOT MY CAR!!

One of my retarded empolyees got the bright idea to have his 18 year olds girlfreinds grandmother co-sign on a car.

Well 2 weeks later they split up and now granny wants the car back. Can she do this?

My employee is 1st on the registration and granny is 2nd.

I was under the impression that as long as he is current on payments he can keep the car.

Not saying its the right thing to do, but leagally?
__________________
Appreciate 0
      07-15-2012, 07:38 PM   #2
BMWinNorthdakota
Banned
254
Rep
1,106
Posts

Drives: 2007 bmw 335i e90
Join Date: Jun 2009
Location: Fargo ND

iTrader: (0)

I think that this involves you and no employees.
Appreciate 0
      07-15-2012, 07:40 PM   #3
jokergerm
Lieutenant
132
Rep
571
Posts

Drives: 2015 M6 GC
Join Date: Oct 2010
Location: seattle

iTrader: (0)

Quote:
Originally Posted by BMWinNorthdakota View Post
I think that this involves you and no employees.
you are a total moron, Im 29 and married. with 55 employees.

I dont need co signers
__________________
Appreciate 0
      07-15-2012, 08:59 PM   #4
MadDog
Careful, I Bite.....
MadDog's Avatar
United_States
157
Rep
504
Posts

Drives: 2006 325i
Join Date: Dec 2006
Location: S.F. Bay Area

iTrader: (0)

Garage List
2006 325i  [7.50]
The grandma is just being a vindictive old bitch.

As long as she hasn't made any payments, your employee should be fine....
Appreciate 0
      07-15-2012, 09:51 PM   #5
jokergerm
Lieutenant
132
Rep
571
Posts

Drives: 2015 M6 GC
Join Date: Oct 2010
Location: seattle

iTrader: (0)

Quote:
Originally Posted by MadDog View Post
The grandma is just being a vindictive old bitch.

As long as she hasn't made any payments, your employee should be fine....
Ya i dont think anyone has made payments yet, he just got the car like 10 days ago.

I totally called him happening the day he got it also
__________________
Appreciate 0
      07-15-2012, 10:26 PM   #6
eamon
Captain
eamon's Avatar
173
Rep
803
Posts

Drives: 09 e92 335i, 2010 328i (sold)
Join Date: Oct 2010
Location: Dallas

iTrader: (0)

Not posting anything helpful, but what kind of car? lol
What line of business are you in, was it restaurants
Take my comment with a grain of salt, but I don't think the co-signer has power over that as long as the car is being taken care for. Did she approach your employee?
__________________
black/black/black e92 loaded
Instagram: _eamon_
Appreciate 0
      07-15-2012, 10:30 PM   #7
jokergerm
Lieutenant
132
Rep
571
Posts

Drives: 2015 M6 GC
Join Date: Oct 2010
Location: seattle

iTrader: (0)

Quote:
Originally Posted by eamon View Post
Not posting anything helpful, but what kind of car? lol
What line of business are you in, was it restaurants
Take my comment with a grain of salt, but I don't think the co-signer has power over that as long as the car is being taken care for. Did she approach your employee?
Yea i own 3 busy pizza places

it was a 2006 escilpse GT

i dont know the other detials. he was just all mad about it and i said that i dont think she can touch your car if she is just a co signer
__________________
Appreciate 0
      07-15-2012, 10:46 PM   #8
fitchesbass
Captain
42
Rep
969
Posts

Drives: BMW
Join Date: Jan 2009
Location: Fairfax, VA

iTrader: (2)

Google is your friend?

http://wiki.answers.com/Q/Can_a_cosigner_sell_a_vehicle
__________________
911 Carrera project car
Previous:
E92 M3 ZHP - Sold
E86 Z4M - Sold
E36 M3 - Sold
Appreciate 0
      07-15-2012, 10:48 PM   #9
ABQ325i
Private First Class
ABQ325i's Avatar
United_States
16
Rep
158
Posts

Drives: 08 E60 535i + 06 E90 330i
Join Date: Apr 2010
Location: Albuquerque

iTrader: (4)

Garage List
2008 535i  [0.00]
2006 330i  [0.00]
As a co-signer she is obligated to pay the loan if it defaults. She has zero control over the car unless her name is on the title. If just her name is on the title then she can sell the car, if not then there is nothing she can do.

Plus, what they said above
Appreciate 0
      07-17-2012, 04:18 PM   #10
Turb0Surge
Lieutenant Colonel
Turb0Surge's Avatar
United_States
105
Rep
1,555
Posts

Drives: BLACK e90 335i
Join Date: May 2012
Location: Lincoln, CA

iTrader: (0)

Quote:
Originally Posted by BMWinNorthdakota View Post
I think that this involves you and no employees.



But, like everyone else said, a co-signer can't make you sell the car.
__________________
Appreciate 0
      07-17-2012, 07:05 PM   #11
persian54
Lieutenant General
persian54's Avatar
United_States
970
Rep
15,818
Posts

Drives: M760/G83M4
Join Date: Jun 2009
Location: The Valley, SoCal

iTrader: (298)

what if he kept the car, didn't make payments, and just messed up her credit as revenge?

Cause technically he's not stealing the car if his name is on the title

is her name on the title too or just the loan?
Appreciate 0
      07-17-2012, 08:32 PM   #12
Jaypod
Brigadier General
Jaypod's Avatar
No_Country
127
Rep
4,971
Posts

Drives: Frozen M3, AM V8V, 991 GT3
Join Date: Nov 2008
Location: Toronto

iTrader: (7)

Quote:
Originally Posted by persian54 View Post
what if he kept the car, didn't make payments, and just messed up her credit as revenge?

Cause technically he's not stealing the car if his name is on the title

is her name on the title too or just the loan?
How is messing up your own credit at the same time revenge? Besides she would more than likely be notified of non payment.
Appreciate 0
      07-17-2012, 09:04 PM   #13
1speedbike
Brigadier General
1speedbike's Avatar
745
Rep
3,284
Posts

Drives: 2022 X4 M40i, 2008 135i
Join Date: Jun 2008
Location: MKE

iTrader: (15)

Quote:
Originally Posted by fitchesbass View Post
Quote:
Unless the Primary Signer is dead, the cosigner cannot sell the car.
I'd watch my back, OP, depending on how much of a vindictive old bitch the grandma is.

Quote:
Originally Posted by jokergerm View Post
Yea i own 3 busy pizza places


^Just pulling your leg. Found it funny how quick you jumped to defend yourself on the internet But seriously, you're fine. They can't take the car if you're the primary. Just don't die
__________________
2022 X4 M40i - 2008 135i - 2015 F700GS
On Order - 2024 i4 M50

Scruffy's gonna die the way he lived... Mmhm.


Appreciate 0
      07-17-2012, 09:27 PM   #14
persian54
Lieutenant General
persian54's Avatar
United_States
970
Rep
15,818
Posts

Drives: M760/G83M4
Join Date: Jun 2009
Location: The Valley, SoCal

iTrader: (298)

Quote:
Originally Posted by Jaypod View Post
How is messing up your own credit at the same time revenge? Besides she would more than likely be notified of non payment.
He's young, he can rebuild it

I was kidding, sorry if I didn't make it obvious
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:40 AM.




x3:
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST