Texas | Credit and Debt Law
Legal Question
Car Co-Signing
Should I decide to co-sign for my 23 year old daughter a car and she does not make the payments or continues to be late with payments...what legal avenues beside making the payments on the vehicle she is driving myself? Can I have the car impounded and sell it without any problems from her? What are my legal rights should she not fulfill her obligations? Thank you for your consideration.
Share This On:
Legal Answer
Re: Car Co-Signing
If you co-sign for the car you will have 100% legal responsibility for all indebtedness.
If you co-sign, you better be a joint owner on the title or you will have no rights.
If you are a joint owner you may impound the car and/or sell it at your option, but only if you can do so without your daughter's signature. That will depend upon how the title reads.
Share This On:
Charles S. Aspinwall, J.D., LLC PO Bx 984 Los Lunas, NM 87031-0984
► Other answers from this attorney
