Well let's first start off with saying "I should have listened to everyone saying to not co-sign on something like this."
Anyway, we bought the car last November. Car is worth 10,000 to dealer. 14,000 left on loan. Cant downgrade because that'll add too much money to monthly payment.
She probably can't get approved to refinance with just herself. And can't find a co-signer.
I could refinance it but I don't really want to. Also, it was her primary car. She made payments on it for first 6 months, and then we joined bank accounts. So her relative thinks that I cant refinance the car and then take the car back since we are both on the title. And if I were to succeed, then they'd take me to court to get the money back she paid into it. Which would be almost 2000.
What do I do?
Do I just transfer the auto withdrawal to her account and stay on the loan until she can refinance successfully? Can't I get sued if she got into a huge car wreck? (Both are on insurance so I'd have to pay probably $50 a month for insurance each month if I stayed on the loan)
Need some advice here. Also, everyone reading, don't get on a loan together just because you've been together for 3 years. Because it sucks ass taking care of this all.
Thanks everyone.
Edit: I am the primary loan holder. As I had established credit. Which she would now have a better credit score now. But both names are on the title.
Submitted July 18, 2017 at 11:05AM by FakeInternetDentity http://ift.tt/2tbX8DM
