Cosigner For Ex, With Hidden Car

[lillnickky22]

I have a very comlicated problem that I have no idea how to resolve. I am teh cosigner on a leased vehicle that I was paying payment on until one early morning he took off with the car (on a roll back) out of my drive way (nice huh?) Now hes not paying payments, for the last 3 months now. I havent made payments b/c of several reasons: there is a year left on the lease, he would be getting a free vehicle, If i dont let it be repoed i would have to carry insurance on it as well or suffer any damages, and i doubt he would give the car back after the lease is up meaning I would owe 20,000 for a car i dont have. So now that the repo man is after the vehicle he refuses to surrender it. It stays in a locked garage. At the end of the month the case goes on to someone else and supposedly police can go and get the car? Can I get in trouble b/c hes hiding this vehicle? What if he gets rid off it? The repo man could atleast testify that hes seen it in his garage. Am i making the right decision by letting it be repoed? I dont know what else to do. If the car does get reposessed will the final debt (back payments, damages, etc.) have to be paid all by me or will the court order us to split in 50/50 or do you think they may force him to pay giving the situation?????

[Mr. Knowitall]

If you're making the payments, you won't be in trouble with the lender. If not, you can be held responsible for the debt resulting from the repossession and disposition of the vehicle, and the repossession and debt can go on your credit report.

[Betty3]

Yep - if ex isn't paying & you are co-signer, they expect (as they should) that you will take care of payments. As co-signer, you are just as responsible for the debt as your ex.