What to do if I co-signed a vehicle for my sister but later found out that it’s all in my name and she is behind in payments?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What to do if I co-signed a vehicle for my sister but later found out that it’s all in my name and she is behind in payments?
I just recently found out that my license was suspended because there’s no proof of insurance on the car. She’s driving it and I was told that she shouldn’t be. Should I sue the dealership for not making sure it was a co-signed deal and how should I go about getting the car from her beause she’s not cooperating. She’s telling me that I have to pay her back all the money she paid on it. Is this true?
Asked on January 30, 2013 under Business Law, Florida
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Sounds like something hokey happened and illegal. Did you sign where it said co-signer? Did you ensure it did and do you have a copy? If not, you need to inform the authorities this is a fraudulent transaction. You owe your sister nothing. If she was in on the fraud, you need to sue her, the dealership and insurance company for not ensuring you were notified or been given the option to act as a surety. Contact the entity who regulates the dealership.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.