I have a family member that has been helping me financially while I have been working towards a college degree. She has decided to discontinue the help. Therefore, I was forced to get out of an apartment lease. She paid the money (approx 3500) to get out of the apartment lease and I will be paying her back for that this weekend. Furthermore, I have a vehicle lease that she has cosigned with me. I would like to turn this vehicle over to her. Before doing turning it over, I would like to know what repercussions could come from the cosigner for doing so. I have text messages that they want the car back, then messages that they don't.
It appears you are obligated to the lessor under the lease. If you have separate agreement with the cosigner that obligates you to her then you are obligated to her as well. Any recourse she has against you would be based upon an agreement you reach with her. However, you would be obligated under the lease even if you give her the car, especially if she stops paying under the lease. I would try to work something out with the lessor to see if they can release you, and then once released you can let her have the car and do whatever she wants with it. However, if the lessor refuses to release you, then you will be on the hook.
Please note that this "answer" does not create nor constitute an attorney-client relationship. Your case is fact specific and without full information regarding the facts and which laws apply, this answer is given for general and educational purposes only. I advise you to contact an attorney who can give you legal advice specific to your case.
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