PapaG Posted September 20, 2016 Report Share Posted September 20, 2016 I just deleted the post. But I will ask the question with out going into details.... Someone is behind on the payments on our 2014 Journey. Looks like a payment was not made on 8/18/16. I don't think she will be able to make the payments. The car is in my name, but the note is in both our names... A car worth now $10,000 that we still owe $23k on it. I guess it has at least 65k miles on it or more. IT is the 4 cyl model. I still pay insurance on it, so I wont get hung out to dry if she wrecks it Will Chrysler Capital refinance the car in my name only if I take possession of it? Just let them repo it and take the hit on my credit. This is Just a financial question, not a emotional one. Quote Link to comment Share on other sites More sharing options...
jkeaton Posted September 20, 2016 Report Share Posted September 20, 2016 (edited) I'm sure they would if you reached out to them. Or any number of other financial institutions. Explain the situation otherwise your credit will take a hit. Edited September 20, 2016 by jkeaton Quote Link to comment Share on other sites More sharing options...
bramfrank Posted September 20, 2016 Report Share Posted September 20, 2016 (edited) I second that advice - if you contact the finance company they may be amenable to an arrangement - if they come in and repo you can be certain your various insurance and credit instruments will be negatively affected (and your insurance and any interest rates go up). Edited September 20, 2016 by bramfrank Quote Link to comment Share on other sites More sharing options...
rolly Posted September 20, 2016 Report Share Posted September 20, 2016 I agree with jkeaton and bramfrank. I would think they would rather continue getting regular payments than repossess a vehicle with depreciated value. Quote Link to comment Share on other sites More sharing options...
jkeaton Posted September 21, 2016 Report Share Posted September 21, 2016 Jeze I hate the fact I can't see what others post in a thread. This new software sucks. Quote Link to comment Share on other sites More sharing options...
bramfrank Posted September 21, 2016 Report Share Posted September 21, 2016 I don't understand. I see everything. Quote Link to comment Share on other sites More sharing options...
bigtsr Posted September 21, 2016 Report Share Posted September 21, 2016 What Bramfrank said^^. Quote Link to comment Share on other sites More sharing options...
jkeaton Posted September 21, 2016 Report Share Posted September 21, 2016 9 hours ago, bramfrank said: I don't understand. I see everything. On mobile. Quote Link to comment Share on other sites More sharing options...
bigtsr Posted September 21, 2016 Report Share Posted September 21, 2016 Laptop , desktop ,Samsung tablet and my Moto G! Quote Link to comment Share on other sites More sharing options...
jkeaton Posted September 21, 2016 Report Share Posted September 21, 2016 Admin says there is a bug and he is taking the site down tonight to reload. Quote Link to comment Share on other sites More sharing options...
PapaG Posted September 22, 2016 Author Report Share Posted September 22, 2016 OK I hate to take a hit on my credit. BUT she is only one month behind. Should I wait to see if she can catch up... Our daughter could help if she would ask.. Quote Link to comment Share on other sites More sharing options...
jkeaton Posted September 26, 2016 Report Share Posted September 26, 2016 That's totally up to you and your finance company as to whether or not she can stay a month behind. Quote Link to comment Share on other sites More sharing options...
lmoore1436 Posted May 13, 2017 Report Share Posted May 13, 2017 I know this is an old thread but in case it could help anyone out: In 2004 when I was young and dumb I took out a car loan with my parents as a cosigner. I knew I could afford the payments but of course I spent more of my money on gas and driving with friends etc. I fell two months behind and I told my parents I didn't think I could afford the car anymore, they basically said tough S***. So I called them myself and asked what options I would have. They were actually really understanding and they agreed to re-finance with the current balance, which lowered my payments pretty significantly. It was a 2000 chevy cavalier, which was worth almost nothing when I called, and I still owed about 6k on the loan. When they re-financed they also gave me a two month grace period and that gave me a chance to save up some money as well. Trust me, they are willing to work with you more than you'd imagine. Quote Link to comment Share on other sites More sharing options...
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