If I co-signed a loan for a vehicle and the borrower doesn’t make the payments and I do , do I have any recourse to get the vehicle?
It depends on the Country and Region that you live in, and how the vehicle ownership was arranged, if you jointly own the vehicle, or if you were simply a guarantor of the loan. If you are both listed as an owner of the vehicle, you may be able to legally take possession of it. If you are not, your best bet is to call the lender and explain the situation to determine a solution.
If you were simply a guarantor of the loan, in most instances, the loan would only be listed on the credit of the signer, and the guarantor is only responsible for payment if the signer defaults. If you stop making payments, the lender will re-possess the vehicle, and then attempt to collect the money from the borrower or co-signer, at which time you would likely be able to arrange a transfer of ownership through the borrower (who would technically own the vehicle) if you agree to pay the balance of the term. Specific loan arrangements may differ, so it is always best to consult with the lender, and an attorney if possible.