Q: I have cosigned on an auto lease and need to obtain possession of vehicle because person is not making payments.
x-girlfriend has been delinquent for 2 years, 1 year remaining on lease. Car has been stolen, retrieved and wrecked. I want to have the car towed and take possession to begin to honor lease and make repairs. Would I be breaking any laws?
A:
Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.
If your ex-girlfriend was the lessee and you signed only as a guarantor, she is the one under the lease who can have possession. As for the damages, most leases require insurance coverage on the vehicle and the insurance coverage should cover the repairs (or at least some of the repairs). Be sure to consult your own attorney to protect your legal rights.
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