My ex fiancee went to purchase a new truck back in May 2019 and I went to cosign. The dealership ended up putting me as the purchaser since my credit was higher and him as the cosigner. However, they said that our names are both equally on the vehicle. We broke up in August 2019 and he still has the truck. He has been making the payments on it but he has been late every month since he started paying on it in June 2019. I get a text message every time he's late. I believe he is making the grace period though. I am getting billed for his toll road fees as well. I have asked him multiple times to refinance the truck into just his name. He also crashed the truck and got a DUI in Oct. 2019. How can I get my name off of the truck? Or if need be, repossess the truck? Do I have enough reason to repossess it?
If your name and his are on the title, you both have the right to possession of the vehicle. You have the right to take possession by towing without his/her consent. Be aware that he/she can do the same to you. The Police will not get involved because this is a civil matter. Make sure the insurance is paid. Your problem will come when the title is issued after pay-off. If his/her name appears on the title, you won’t be able to sell the car without his/her permission. You can always make a deal to split some of the sale money to get him/her sign off. You will have to take this as a life lesson: don't lend money to friends or relatives and NEVER co-sign on a purchase for anyone.
This comment is given for informational purposes only. No attorney-client relationship exists between us. If this information was helpful to you please check the box.
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline