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10-13-2008, 05:50 PM
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#1
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Well the 'vette is gone...
...lesson learned. If you can't do something on your own don't do it at all. My stepfather co-signed for me(he insisted since he got a ridiculous interest rate). Well I've hit some REALLY hard times and wasn't going to be able to make this month's payment...so what's he do? He gets his own loan, registers and insures the car in his name basically ripping it out from under me...FOR ONE ****ING PAYMENT.
The real kicker is the title should be in my name(at least the when the loan was paid it should've been going into my name). It's gonna be interesting if I have to sign off on it....
****in sucks.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
Last edited by Frosty; 10-13-2008 at 05:59 PM.
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10-13-2008, 05:52 PM
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#2
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11 Second Club
Join Date: Feb 2008
Location: Edison, NJ
Posts: 4,620
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wow... sorry to hear that man.
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1999 Z28 Convertible. 6 speed swap, wide cowl hood, full hockey stripes, and a whining 10 bolt.
2008 Sierra Vortec Max. 6.2 swapped, headers, Magnaflow catback, GMPP CAI, NHT optioned tow package.
2006 GTO, 11.48 @ 118.3
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10-13-2008, 05:53 PM
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#3
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Join Date: Feb 2005
Location: Little Egg Harbor NJ
Posts: 1,175
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sucks man
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2011 Camaro 1SS Cyber Grey Metallic
2005 Silverado
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10-13-2008, 05:59 PM
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#4
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11 second club / Moderator
Join Date: Aug 2004
Location: West Berlin, NJ
Posts: 7,148
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Sorry to hear that dude
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2001 Trans Am WS6 •SLP Loudmouth II •UMI Suspension •12.857 @ 109.57
1996 Trans Am WS6 •Pacesetter Longtubes •Strange 12 Bolt •Spohn Suspension •11.152 @ 123.85
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10-13-2008, 06:06 PM
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#5
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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If he co-signed on it and you are the primary, I don't think he can get the title in his name only without you, unless he forges your signature.
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Quote:
Originally Posted by Tru2Chevy
Steve has a thing for sheep....
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'78 Big Wheel- 2FWFP
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10-13-2008, 06:09 PM
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#6
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MIR
Join Date: Jul 2005
Posts: 9,692
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How old are you?
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10-13-2008, 06:11 PM
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#7
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by Tsar
How old are you?
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28. I made some big mistakes when I was younger which screwed me for many years...however I had a loan very easily on my own though...but when you can get a 5% interest rate on a used car you jump on it.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
Last edited by Frosty; 10-13-2008 at 06:12 PM.
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10-13-2008, 06:11 PM
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#8
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by SteveR
If he co-signed on it and you are the primary, I don't think he can get the title in his name only without you, unless he forges your signature.
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I'll have to look at the paperwork, the car was registered and insured in my name.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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10-13-2008, 06:19 PM
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#9
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Join Date: Jan 2008
Location: Jersey City, NJ
Posts: 622
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Hold on... Did he already register and insure the car under his name? When he co-signed was he also a co-owner? If not, if he was just a financial co-signer then there is no way he can do what he did. But either way you would have to agree to basically anything that happens to the title whether he was just a financial co-signer or a co-owner. something is fishy. i would definatly look deeper into this.
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1987 IROC-Z L98 T tops
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2001 Pontiac Grand Am SE V6 (currently for sale PM me for details)
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10-13-2008, 06:23 PM
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#10
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by JerzyIroc
Hold on... Did he already register and insure the car under his name?
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He said he did. He wasn't supposed to be the co-owner. I have to call the finance company tomorrow and find out how it was set up. Like I said, huge lesson learned. I didn't need his help, I shouldn't have taken it.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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10-13-2008, 07:21 PM
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#11
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13 Second Club / Moderator
Join Date: Jan 2005
Location: Franklin Lakes, NJ
Posts: 8,695
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i don't know your family situation but i can imagine he might be doing this just ot teach you a lesson and just hold onto the car till you get your feet back on the ground. i wish you the best and i hope all works out for oyu
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Quote:
Originally Posted by LS1ow
Except Jersey mike, great kid, but the way he looks at me makes me feel like im in danger
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10-13-2008, 07:35 PM
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#12
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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He's not..trust me. It's caused a huge rift between us unfortunately. HUGE lesson learned. Oh well...I lost a boat load of $$ on that car....it could always be worse I guess.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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10-13-2008, 07:39 PM
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#13
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I <3 sheep
Join Date: Mar 2005
Location: Belmar
Posts: 4,907
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Quote:
Originally Posted by Frosty
He's not..trust me. It's caused a huge rift between us unfortunately. HUGE lesson learned. Oh well...I lost a boat load of $$ on that car....it could always be worse I guess.
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Why give up? There are legal issues you can pursue with this.
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Quote:
Originally Posted by Tru2Chevy
Steve has a thing for sheep....
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'78 Big Wheel- 2FWFP
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10-13-2008, 07:42 PM
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#14
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Join Date: Aug 2007
Location: Lyndhurst, NJ
Posts: 291
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A baseball bat across the face would be nice.
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10-13-2008, 07:51 PM
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#15
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by SteveR
Why give up? There are legal issues you can pursue with this.
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I emailed PennDOT to see what my options are, I'm gonna call them tomorrow. I understand him being scared, I really do. I lost my job after 7yrs being there and unemployment is taking their dear old time. I asked him to help me out one month, he decides to take on a $X loan instead of a $300 payment. W-T-Fever...it's just a giant cluster****.
I'm curious to see what PennDOT says, I have a feeling the car was going to be titled in my name so it's going to be interesting to say the least. I'd REALLY suck if he got a loan and can't get it titled. 
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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10-13-2008, 07:53 PM
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#16
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Join Date: May 2005
Location: under a roof
Posts: 2,034
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Quote:
Originally Posted by Stroked355Z28
A baseball bat across the face would be nice.
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x2
But seriously, you don't have to sign the car over to him. You have been paying it off and putting money into it and he is gonna take it for free. F-that I don't know what the situation is but I would put him in his place. Or aim it at a wall with a brick on the gas pedal.
This is a terrible situation and I wish you the best of luck, Sorry to hear it.
__________________
1973 Chevy Nova - best e.t.-10.04 - currently disassembled
1989 Pontiac Trans Am GTA
2016 Dodge Durango R/T
2015 Ram 3500 Dually Cummins
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10-13-2008, 07:56 PM
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#17
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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I don't have possession of the vehicle, it's at their place in Atco. Once I lost my job I had it down there so I wouldn't drive it and waste $$ lol
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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10-13-2008, 07:58 PM
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#18
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Well, you have a set of keys for it I hope......just go get it. Have you actually missed your payment yet, or just know that it's coming up and you don't have the money for it?
- Justin
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1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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10-13-2008, 08:17 PM
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#19
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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It's due tomorrow. Like I said it's just a big mess. I posted this more or less to show people how helping or receiving help from others can turn into a giant mess.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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10-13-2008, 08:22 PM
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#20
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Meet Coordinator
Join Date: Jan 2008
Location: brick/pt. pleasant beach
Posts: 19,370
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maybe he is going to buy it off of you? otherwise grab your car and hide that bitch. sucks though...
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10-13-2008, 08:26 PM
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#21
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Tough break man. It sucks that he wouldn't just float you a loan for this month or something like that...
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10-13-2008, 08:28 PM
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#22
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by sweetbmxrider
maybe he is going to buy it off of you? otherwise grab your car and hide that bitch. sucks though...
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Nope, he took a loan out for the balance of the previous loan. So I'm out a ton of $$. We'll see what PennDOT has to say about all of this tomorrow. 
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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10-13-2008, 09:19 PM
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#23
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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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.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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10-13-2008, 09:21 PM
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#24
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by Frosty
28. I made some big mistakes when I was younger which screwed me for many years...however I had a loan very easily on my own though...but when you can get a 5% interest rate on a used car you jump on it.
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Well in that case your dad sounds like an ass. Sorry to hear.
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10-13-2008, 09:22 PM
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#25
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Banned
Join Date: Dec 2007
Posts: 1,106
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small claims court
he can't just take the car once you have put money into it co signing and co owner are 2 different things.
I've been down this road before a co signer has no legal right to the car unless his name is on the title or to be on it.
now get down there get the car take it home give him a call tell him thanks for paying it off.
Last edited by Saitin; 10-13-2008 at 09:25 PM.
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