RE: short of buying off the car, is there any way to get out of being co signer or transfer

RE: short of buying off the car, is there any way to get out of being co signer or transfer (Full Version)

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LittleGirlHeart -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 12:47:45 PM)
Because it's a big hassle and stress, and James has not communicated some very important things that come up, when he should have, and it very nearly bit everyone in the ads. and he worries if we break up, and we almost did this year, he'd be stuck being held responsible for the car, with none of the benefits of a car. And I worry too. quote: ORIGINAL: kalikshama Why does your Dad want off the loan? quote: ORIGINAL: LittleGirlHeart My dad is. I don't have the finances and clout to be a co signer. quote: ORIGINAL: kalikshama So he's the signer - who is the cosigner?

MasterCaneman -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 12:53:13 PM)
quote: ORIGINAL: kalikshama Why does your Dad want off the loan? quote: ORIGINAL: LittleGirlHeart My dad is. I don't have the finances and clout to be a co signer. quote: ORIGINAL: kalikshama So he's the signer - who is the cosigner? Probably because he doesn't want to get stuck with the payments and late fees when lgh's beau or former beau goes into to default. Prices are higher in CA (I was basing my estimate on the East Coast pricing model) because of CAFE standards. But 11K for a fourteen-year old SUV with 150k is still too much. Unless one works where you have to go deep into the back pocket of beyond, no one really NEEDS one. You could have probably scored a Focus, Neon, or Cobalt for 5K, and saved a bundle on registration, gas, and insurance. The Sport-model Explorer is already a premium vehicle, that is, its considered a higher-value because of its "standard options". Mag wheels, it probably has leather seats and the 60/40 split rear with full power adds a lot to the curb price. Believe it or not, the 4-door is much cheaper because they made more of them and they can parts commonality with several other models. The Sport has a lot of one-off parts, from when I had to find parts for one. Sorry, but you're pretty much married to that beast. Only one year on the warranty? Has it had the rear end replaced yet? Find out (CarFax/AutoCheck), and it should be covered under warranty. If not, it'll start as a low moan, but by the time it's done, it'll be the combined wailing of the damned until you replace it.

LittleGirlHeart -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 12:58:55 PM)
It has cloth seats, and I don't know what any of that other stuff mean. But other than looking brand new, it's not fancy smanshy, that I know of. quote: ORIGINAL: MasterCanema The Sport-model Explorer is already a premium vehicle, that is, its considered a higher-value because of its "standard options". Mag wheels, it probably has leather seats and the 60/40 split rear with full power adds a lot to the curb price. Believe it or not, the 4-door is much cheaper because they made more of them and they can parts commonality with several other models. The Sport has a lot of one-off parts, from when I had to find parts for one. Sorry, but you're pretty much married to that beast. Only one year on the warranty? Has it had the rear end replaced yet? Find out (CarFax/AutoCheck), and it should be covered under warranty. If not, it'll start as a low moan, but by the time it's done, it'll be the combined wailing of the damned until you replace it.

MasterCaneman -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 1:12:59 PM)
Fabric does bring the price down, but there's probably a reason the truck was priced so high. If it looked super-new, you're probably paying for cosmetic body work. We'd do that, buy a decent runner with dings, dents, rust and scratches, have the cheapest body guy we could find doll it up, and slap a higher price tag on it to recoup the costs. And Sports do just cost more because there aren't that many of them as compared to a standard 4-door Exploder (that's their affectionate nickname behind closed doors).

angelikaJ -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 1:16:06 PM)
quote: ORIGINAL: LittleGirlHeart I think we have a different idea when I say dealerships, and you say used car lots. All the cars ARE used, we only looked for used cars, and we found them buy googling Sacramento used car sales, ans Sacramento used car dealerships. Carmax, roseville auto mall, hertz, enterprise Folsom Chevy, all are used car places. They did not have non used cars. Now, perhaps I do not know the difference between used car dealers, and used car lots. quote: ORIGINAL: Hillwilliam quote: ORIGINAL: LittleGirlHeart Ok. Hill, I have gone to 4 dealerships in my town online. Just now. One was 15k one was 18k almost 19k one was 19 almost 20 k. I didn't say dealerships, I said buy here/pay here place. That's used car lots. It's all about living within your means. I was 30 and owned a house before I ever paid over $600 for a car. I drove old beaters because that's what I could afford. Hell, some of them were free (make it run and get it the hell out of my driveway and I'll sign the title) They looked like shit and one didn't have AC and they were usually uncomfortable but they got me to work and back. I was over 40 before I ever decided to buy a new car because what the hell, it's about time. I've never paid more than $10 for a phone. Broke people are broke for a reason. They don't understand the difference between "Wants" and "Needs" and they have a whole line of people who are willing to pat their back and tell them "You poor Dear". Sometimes, people need tough love to better themselves. Will you be happy in 40 years if you are still living the way you are now? ETA. I googled Elizabethton used cars and clicked one at random. http://www.lewisusedcars.com/inventory.aspx 20 available under 5K asking price, and there are well over a dozen dealers in this small town. That means that in this little podunk town, there are probably over 200 cars available under 5K within 3 miles of me. You could have gone to regular car dealerships. They sell used cars. Last year I got a car at a local Ford dealership for around $3,500. I had some help: I know someone who works there. I did not get an advantage on price, where the advantage came from was that the person who worked there knew the history of the car. So, the 184,000 miles was not scary because the car had been bought there and was meticulously serviced.

LittleGirlHeart -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 1:19:55 PM)
It had not been a personal vehicle. It came from one of those rent a car places, you rent and return from, before Carmax got it to sell. Though, all the cars pictured for sale as used cars from used lots looked very nice . Brand new ish I'd even say. They were not dinged, or dented, or stained, or frayed, or anything. But I am not a car aficionado, so everything quite possibly looks new to me. Unless it has obvious dings, or chips, or Sun damage. Or other verrrrrry obvious stuff. quote: ORIGINAL: MasterCaneman Fabric does bring the price down, but there's probably a reason the truck was priced so high. If it looked super-new, you're probably paying for cosmetic body work. We'd do that, buy a decent runner with dings, dents, rust and scratches, have the cheapest body guy we could find doll it up, and slap a higher price tag on it to recoup the costs. And Sports do just cost more because there aren't that many of them as compared to a standard 4-door Exploder (that's their affectionate nickname behind closed doors).

Hillwilliam -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 1:31:49 PM)
quote: ORIGINAL: LittleGirlHeart It had not been a personal vehicle. It came from one of those rent a car places, you rent and return from, before Carmax got it to sell. An ex rental is possibly one of the worst buys. Why? When a person drives a car every day, they tend to take care of it. When a person rents a car, they don't give a shit. That thing has probably had more air time than a skate board at the X-Games.

MasterCaneman -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 1:41:44 PM)
quote: ORIGINAL: Hillwilliam quote: ORIGINAL: LittleGirlHeart It had not been a personal vehicle. It came from one of those rent a car places, you rent and return from, before Carmax got it to sell. An ex rental is possibly one of the worst buys. Why? When a person drives a car every day, they tend to take care of it. When a person rents a car, they don't give a shit. That thing has probably had more air time than a skate board at the X-Games. Don't be so quick to judge. Some of the better vehicles we had came out of rental fleets. They get regular maintenance and issues are addressed immediately before they become systemic. Yes, some are rode hard and put away wet, but our buyer knew what to look for. Personal cars, especially ones where the previous owner knew it was heading for repo, tend to have more deferred maintenance problems, even with factory warranties.

LittleGirlHeart -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 2:03:25 PM)
And, I know for James, and also my dad, they leave not serious problems for for a seriously longtime because why fix something that was just annoying at best. Like my dad's car, the ac makes the car smell like something is burning, and my mom swore she saw smoke. Plus when run, it makes a noise he doesn't like. My dad's solution was to just not run the ac, he's not going to have it looked at. Where as I would have it in asap, cuz it shouldn't do that. And even with serious problems, that were serious but not life threatening, there hasn't always been money to fix it. So you limp along and pray like hell nothing gets worse. Then, there are those who use it hard and do not treat it right, do no maintenance, no repairs, no preventative no nothing. And when it breaks, they walk away. quote: ORIGINAL: MasterCaneman Don't be so quick to judge. Some of the better vehicles we had came out of rental fleets. They get regular maintenance and issues are addressed immediately before they become systemic. Yes, some are rode hard and put away wet, but our buyer knew what to look for. Personal cars, especially ones where the previous owner knew it was heading for repo, tend to have more deferred maintenance problems, even with factory warranties.

Shininglight23 -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (8/31/2013 2:27:50 PM)
quote: ORIGINAL: Hillwilliam quote: ORIGINAL: LittleGirlHeart It had not been a personal vehicle. It came from one of those rent a car places, you rent and return from, before Carmax got it to sell. An ex rental is possibly one of the worst buys. Why? When a person drives a car every day, they tend to take care of it. When a person rents a car, they don't give a shit. That thing has probably had more air time than a skate board at the X-Games. I took a trip to Arizona this year, and while planning that trip... I found a review for the Honaki ruins..which was down a 1 1/2 lane dirt road with gigantic rocks everywhere... The review said, "It's a pretty rough ride, but if you have a rental car--GO FOR IT!!!!" I'm with Hilly--rental cars can be rough around the edges. Allie

kalikshama -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 11:54:09 AM)
FR to other posters - what happens if Chris and James do break up and James stops paying on the car? Assuming her father starts making the payments so his credit is not affected, does he then take James to court to get the title to the car? quote: Because it's a big hassle and stress, and James has not communicated some very important things that come up, when he should have, and it very nearly bit everyone in the ass. and he worries if we break up, and we almost did this year, he'd be stuck being held responsible for the car, with none of the benefits of a car. And I worry too. Chris, you'd mentioned that you two had not had sex in a really long time, so I was wondering about an impending breakup.

MasterCaneman -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 1:31:36 PM)
quote: ORIGINAL: kalikshama FR to other posters - what happens if Chris and James do break up and James stops paying on the car? Assuming her father starts making the payments so his credit is not affected, does he then take James to court to get the title to the car? It all depends on the state the sale happened in. If James' name is on the title, he gets to keep the car, and the father (if he wishes to keep his credit intact) has to keep paying for it, in the simplest terms I can relate. It's not fair, can and does get ugly, but that information should have been relayed in detail on the inception of the note. The father can attempt to (again, depending on the state) plea rescission (I don't know the actual legal term-lawyer types here help me out) and see if a court could convince the lien holder and DMV to reassign the vehicle. Other than that, he's paying for someone else's ride. And I have seen this happen more than once before. Boyfriend/girlfriend team goes to buy a car, individually their credit blows, together its enough to get the car, which is usually way more than they need. Fast forward a couple months, boyfriend out of the picture, he's got the car registered and insured in his name, isn't making payments. Girlfriend calls us in tears trying to salvage what little credit she has left, we can't do a thing legally. Oh, and you can swap genders on this too. The ladies are just as guilty of this stunt. If she wants to keep/build her credit, she has to keep paying on it while ex BF is out entertaining his new lady friend in his fine, free ride. There are guys who have done this not just once, but numerous times. Before I left, I was working a deal with one guy who had done this exact same stunt three times previously just at my old dealership. He wasn't on the note, but he was the one who registered/insured it, so guess who gets to keep it (barring a GPS/SID installed)?

getoutnow -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 1:34:20 PM)
I've seen on Judge Judy a few times and another Judge Alex too. When 2 people get a car and one reneges on the duty to make payments, however the other continues to do so. It really doesn't matter who has the title. The one who is making the payments, takes the other to court and they win the title. So in essence, just sue the guy.

LittleGirlHeart -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 2:09:48 PM)
We wouldn't break up over the lack of sex, cause even though i would like to have sex, that's not top priority to me. We would most likely break up because I got tired of his irresponsibility in how he chooses to mis handle important thing. My patience for his baggage is wearing thin at times. quote: ORIGINAL: kalikshama FR to other posters - what happens if Chris and James do break up and James stops paying on the car? Assuming her father starts making the payments so his credit is not affected, does he then take James to court to get the title to the car? quote: Because it's a big hassle and stress, and James has not communicated some very important things that come up, when he should have, and it very nearly bit everyone in the ass. and he worries if we break up, and we almost did this year, he'd be stuck being held responsible for the car, with none of the benefits of a car. And I worry too. Chris, you'd mentioned that you two had not had sex in a really long time, so I was wondering about an impending breakup.

kalikshama -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 2:15:46 PM)
I assumed the lack of sex was a symptom of deeper problems :)

TNDommeK -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 2:16:30 PM)
quote: ORIGINAL: ResidentSadist If you figure out a way to get rid of co signers (aside from murder) let me know. Gotta' house in the same situation. See, that was gonna be my idea.

angelikaJ -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 3:18:50 PM)
Not to lecture, but you could break up because you want something different in a relationship than being with someone who keeps things from you (lies of omission), hides information and refuses to take care of himself. In other words, you could end a relationship with someone because you want to be healthier, and being healthier is very hard when the person you are with refuses to change. Sometimes loving someone is just not enough. quote: ORIGINAL: LittleGirlHeart We wouldn't break up over the lack of sex, cause even though i would like to have sex, that's not top priority to me. We would most likely break up because I got tired of his irresponsibility in how he chooses to mis handle important thing. My patience for his baggage is wearing thin at times. quote: ORIGINAL: kalikshama FR to other posters - what happens if Chris and James do break up and James stops paying on the car? Assuming her father starts making the payments so his credit is not affected, does he then take James to court to get the title to the car? quote: Because it's a big hassle and stress, and James has not communicated some very important things that come up, when he should have, and it very nearly bit everyone in the ass. and he worries if we break up, and we almost did this year, he'd be stuck being held responsible for the car, with none of the benefits of a car. And I worry too. Chris, you'd mentioned that you two had not had sex in a really long time, so I was wondering about an impending breakup.

freedomdwarf1 -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 4:15:27 PM)
FR~ I dunno how it works over the pond, but I know here in the UK, in a joint venture like that, the one party making the whole payments because the other party has defaulted, the item can be forced to be sold and the proceeds or remaining debt is split between those left. Or alternatively, the title of the goods passes to the payer by a court order. In law, both are jointly and severally liable for the debt, but it has been argued that the non-defaulter is only obliged to repay their half of it. The defaulter usually gets to face the courts and the debt collectors that can enforce payment through other means like repossession of other items they own. The problem comes when the title to the goods isn't in joint names. But with joint finance, surely there's a way round the problem when the title holder defaults and leaves the cosigner holding the baby?? There must be something similar like that over there and I'd be surprised if there wasn't.

DarkSteven -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 6:00:51 PM)
quote: ORIGINAL: ResidentSadist If you figure out a way to get rid of co signers (aside from murder) let me know. Gotta' house in the same situation. Well, dammit, what kind of advice do you expect if you place conditions on it?

xxblushesxx -> RE: short of buying off the car, is there any way to get out of being co signer or transfer (9/1/2013 6:01:19 PM)
That's not how it works here with joint and several liability. The co-signer can, however, (after paying off the loan) take the other person on the loan to court. (the trouble he has then is, collecting on it.)

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