ChadaleJones
Junior Member
What is the name of your state (only U.S. law)? Georgia
In May 2009 I financed a car through Nissan Finance using my mom as the co-signer. She added me and the car to her insurance. I lost my job and was drawing unemployment. She has been paying for the car and the insurance for almost 6 months now. I also was involved in an accident in the car in which she payed the deductible and took ownership of the car. This was about 4 months ago. I have chosen not to make payments on the car due to the fact that she's driving it. Unfortunately at this time my unemployment has ran out and I have no transportation to look for work. They are trying to pass a new law for UI which will extend my unemployment for 12 weeks. The terms my mother has given me to regain ownership of the car are unreachable. She wants me to have the loan refinanced and out of her name, she's aware my credit is ruined and I can't do this. She also gave me the option to reimburse her for her financial burden, but at my low income I won't beable to do this and make payments on the car - I would be back at square one. Another stipulation to her second option was that I would have to obtain my own insurance. My question is - since I am the primary borrower on the loan if I start making payments again and obtain my own insurance am I entitled to my car? Is there a legal way of going about this? I can't just take the car because I live at her house and she would kick me out. I have to do this the right way. The car still has a lien on it and it is the security for the loan, it's registered in both of our names. Also she is wanting to sell the car, can she do this without my signature? I hate having this battle with my mother, but I do need the car for work purposes and she has her own truck. Frankly, I think she just enjoys driving my new car since she has told me she won't give it back if I start making payments. If she is so concerned with the additional costs, she should let the costs and the car go to me - but this is not the case.
In May 2009 I financed a car through Nissan Finance using my mom as the co-signer. She added me and the car to her insurance. I lost my job and was drawing unemployment. She has been paying for the car and the insurance for almost 6 months now. I also was involved in an accident in the car in which she payed the deductible and took ownership of the car. This was about 4 months ago. I have chosen not to make payments on the car due to the fact that she's driving it. Unfortunately at this time my unemployment has ran out and I have no transportation to look for work. They are trying to pass a new law for UI which will extend my unemployment for 12 weeks. The terms my mother has given me to regain ownership of the car are unreachable. She wants me to have the loan refinanced and out of her name, she's aware my credit is ruined and I can't do this. She also gave me the option to reimburse her for her financial burden, but at my low income I won't beable to do this and make payments on the car - I would be back at square one. Another stipulation to her second option was that I would have to obtain my own insurance. My question is - since I am the primary borrower on the loan if I start making payments again and obtain my own insurance am I entitled to my car? Is there a legal way of going about this? I can't just take the car because I live at her house and she would kick me out. I have to do this the right way. The car still has a lien on it and it is the security for the loan, it's registered in both of our names. Also she is wanting to sell the car, can she do this without my signature? I hate having this battle with my mother, but I do need the car for work purposes and she has her own truck. Frankly, I think she just enjoys driving my new car since she has told me she won't give it back if I start making payments. If she is so concerned with the additional costs, she should let the costs and the car go to me - but this is not the case.
