Hi guys,

I just bought my 2008 roadster. My old car has a joint loan with my super controlling grandmother.

The old car has been in and out of the shop about 14 times since I bought it 2 years ago. This, as my grandmother says, is my fault. When I went to buy a car 2 years ago, I had recovering credit and was unable to get a loan. My prior car was costing me $500/m in payments and a lot more in missed work. After failing 17 times, she finally agreed to help me out. We got the new car and all was well. I've made every single payment on time for the last 2 years.

My credit is now good to go, as evidenced by the $40k car I just bought (I already had high income).


Here's the issue: I know my grandma would have said no on allowing me to trade the old car in, so I bought the 350 without a trade in and decided to sell my prior car for $3k more than it's worth. Grandma has been bitching to everyone and anyone over the last 2 years about helping me out. Every chance she gets she holds it over my head. With this scenario, all she has to do is sign a paper and the car will be sold, and we both have positive marks on our credit report.

Instead, she has taken the stance that shes not going to allow me to sell the car. She wants me to get my own loan to pay it off, and she'll sign it over to me... she knows damn well this won't happen... I just took out a $40k loan. We got into it pretty good on the phone. (She lives in FL still, and i moved to cali in october.) I told her the only reason she's saying no is to prove a point and to still try to control me. She's the controlling, guilt-tripping, everyon-is-out-to-get-me type of person.

So, my question for you guys... The loan is "joint". Both our names are on the title. Can I sell the car without her permission, or is my only course of action being to let it get repossessed and we both take a major credit hit?


*sigh*

This ***** is the reason my family is in pieces.


EDIT: Forgot to mention, the other car is a Tiburon. Please note that other people have had good experiences with theirs... mine just breaks a lot.

 

I say strip the car and then let them repo the unibody after you part it out.

 

It has crossed my mind.

 

A voluntary repo will really hurt your credit. I would get her to sign a POA ( Power of attorney) and tell her that it is needed to refinance the car into your name. Then sell it yourself....Might work?

 

kiss her *** and get her to sign if she still still says no, well then you have insurance right? BURN the fuking car

 

She's pretty up on legal matters. I dont think she would let it get repoed... in fact, when I told her I was gonna let it sit, she said she would come get it before that happened.

I think I'll call her bluff on it.

 

Can I sign it over to her without her permission? lol

 

simple solution. kill her. /thread

 

I found this on Yahoo Answers:

 

wtf is this thread 4real???

 

Yes, it's for real. She won't let me sell the car and pay off our joint loan. She wants to use it as leverage to control me, like shes done for the last 2 years. Shes been in lawsuits with both sides of my family. She drove my dad to divorcing my mother.

In the short term, she's generally a pleasant person... but she tries to control everyone.


I'm keeping this 350z. If anything gets repossessed it'll be my old Tiburon.

 

Ok... she caved this morning. She didn't understand the buying process and thought I wanted her to sign the car over to me without it being paid off and her name still on the loan.

Man... She'll still find some way to complicate the crap out of this. I'm not holding my breath.

 

No. You cannot transfer a title with a lien.

You cannot transfer the title to the new owner without 2 signatures.

 

Falcon punch?

 

hahaha... that made me laugh just picturing it.

 

Like someone else mentioned, does the title read You AND grandma, or You OR grandma. If it's OR, you can do whatever you want.

Glad grandma understands and things are worked out.

 

is this your grandma?

 

^^^^LMAO!^^^^

 

This is the poster child for not getting family members involved in loans

 

Good to hear she caved. Sounds like she is a pain in the ****.