Legal Question in Consumer Law in Virginia

How long can someone go without making a payment on a vehicle I cosigned on the loan before I can reposess the vehicle.


Asked on 5/14/14, 4:48 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Such a person can continue in his or her nonpayment status as long as you

continue to make the payments due on this vehicle but only the lender

rather than you has a right to repossess the vehicle should such payments

cease since your ownership status with respect to this vehicle as a cosigner is not superior to that of the primary borrower merely because you've been

making these payments (my opinion).

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Answered on 5/16/14, 6:51 am


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