My boss and I co own my car and her name was put first on the car loan. She has been taking money out of my paycheck every week and then she makes the payment. The car is registered in my name and I have the car insurance in my name...now she keeps threatening to take the car from me and pay it off and selling it to get her money back. She doesn't want the car on her credit anymore. Can she legally take the car from me whenever she wants? Do I have the same rights to the vehicle that she does? If she was to sell it, would I get any of the money back that I put into it? I've been paying for the car for the past year.
Thank you in advance for your help!
Answered on: 9/30/13, 10:35 am by Michael E. Hendrickson
Yes, if her name is on the title to the vehicle as a legitimate co-owner of the
vehicle, then she has the same rights as you to do whatever she pleases
with it but could not sell it without your signature on the back of the
car's title signaling your approval of the transaction.
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