Man, I love all the tough-talking answers - the guy only co-signed the loan in the 1st place.
Quote:
Originally Posted by Frosty
...lesson learned. If you can't do something on your own don't do it at all.
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Exactly.
Lesson #2: Never co-sign a loan for anyone. Nothing wrecks a friendship or family like money.
Not sure I would have done exactly what he did, but given he is on the legal hook for the loan if you default, I kind of understand. If it were me, I'd make the payment, take the keys & car. If another payment were missed, a for sale sign would be up, or doing what he did to make it easier to sell.
As co-signer I know he has certain legal rights. Not sure about the details.