If you cosigned for a car and the owner wants to let it be repossessed what can you do?

Unless your name is on the title to the car as well as the loan, there isn't much you can do. If you don't make the payments, your credit will be damaged. Co-sign means you are EQUALLY responsible for the loan Answer Make the best of a bad situation: Whatever the lender doesn't get paid on the loan as well as the amount it costs to pursue it's rights to get paid (all repo fees, court/legal costs, additional interest, etc., etc. ) become the responsibilty of those who signed the loan (that is both of you) If the car is repossed and sold at auction, lots of fees are incurred and the likely the lowest value, (wholesale auction - recovery vehicle), received.

Your responsible for all the rest Get the primary to at least work at trying to sell the car, hopefully even try and clean it and market it well, through the local papaers, etc at the highest amount you can, without adding costs to the loan amount If you approach the lender earnestly, and get them to understand what you (as cosigner) are up to...which shouldn't take long to complete - you may, just may, get them to accept what you sell it for as a payoff....or at least work with you on lowering the already accumulated late fees, back payments, etc., establishing a payment plan, and make it possible to have a good title for new owner The lender does not want to repossess. Believe it or not, while they do (in theory) get to recover all fees and costs, etc, - if they actually do ever make money selling a repo...they must return it to the primary.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.