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  1. #1
    Join Date
    Oct 2014
    Posts
    2

    Default Ex-Boyfriend Wants to Keep a Jointly Purchased Car I Prefer to Sell

    My question involves personal finance in the State of: Arizona

    I cosigned a car for my ex, and we just split, he refuses to sell the car back, and I can not sell it back without his signature. He is demanding the car back and claims that he will make the payments, and pay me the money that he owes me. If I don't return the car, he will not pay me a cent so my credit will be ruined. I am a college student with limited funds, and I don't want him to ruin my credit, because I want to buy a new house in the next five years after I graduate. How can I get out of this situation without ruining my credit?

  2. #2
    Join Date
    Feb 2014
    Location
    RTR/WDE
    Posts
    1,724

    Default Re: How to Get Off an Ex-Boydriend Car Loan and to Get Him to Pay Me Money He Owes Me

    So, tell him to bring a cashier's check for the balance of the loan to the lien-holder, meet him there and have a bill of sale and the signed title in hand to sell the car to him.

    Life Lesson: Don't intermingle your finances/ownership/lease-holding of ANYTHING until you are legally married. Then, if one splits up, a divorce action will help sort out these entanglements.

  3. #3
    Join Date
    Oct 2014
    Posts
    2

    Default Re: How to Get Off an Ex-Boydriend Car Loan and to Get Him to Pay Me Money He Owes Me

    The car was purchased only a few weeks ago, he doesn't have the money to pay it. That's why he wants me to stay on the loan because that makes it the easiest way for him to make the payments.

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