Can I get off a policy?

Fearon19991

Hello everyone, 
I'm not doing this to be small or out of spite but my partner of 4 years recently left me and took the car which is fine I don't drive but I Co signed the loan for the car and I don't have any access to the car plus its litteraly 95% of my credit file I have £10000 debt on the car and a £1000 personal loan and my phone that's all that's on there.
I can't even call the company directly because it has to be the registered keeper who calls them.
Tia 
Alex f

[Deleted User]

Only if the debt is settled. One or both of you could take out a new loan to pay the first one off.

bris

No is the short answer, both will remain jointly liable until settled.

Will the ex agree to sell the car or take out a new loan to to settle the debt? If not there is little else you can do other than hope it's paid on time every month.

You could try the small claims court for half the value of the car but that could go either way.

MEM62

bris said:

You could try the small claims court for half the value of the car but that could go either way.

Really?  And claim what?  The OP doesn't own half the car - only half the debt.  

Fighter1986

When you say you co-signed the car, is the loan in joint names or just your sole name? Who signed the finance agreement? 

If the finance agreement is in joint names it remains in joint names until settled.

If you're making or have to make any repayments towards the loan but never benefit from the use of the car, then you have legal recourse to sue your ex for that money under separate cover. 

bris

TMEM62 said:

bris said:

You could try the small claims court for half the value of the car but that could go either way.

Really?  And claim what?  The OP doesn't own half the car - only half the debt.  

Of course the op owns half the car, it was a joint purchase. The registered keeper isn't always the owner of the car.
I doubt very much the courts would disagree with the joint owner side of it or why would they take a joint loan in the first place and they probably would award the claim as it was a joint decision so should be honoured regardless of the split.

diggingdude

get on judge Rinder, its half your car

MEM62

bris said:

TMEM62 said:

bris said:

You could try the small claims court for half the value of the car but that could go either way.

Really?  And claim what?  The OP doesn't own half the car - only half the debt.  

Of course the op owns half the car, it was a joint purchase. The registered keeper isn't always the owner of the car.
I doubt very much the courts would disagree with the joint owner side of it or why would they take a joint loan in the first place and they probably would award the claim as it was a joint decision so should be honoured regardless of the split.

Which party is the registered keeper is irrelevant.  Until the finance is paid off neither the OP or their ex own the car - the finance company owns the car.  Therefore, as I stated, all the OP 'owns' is half the debt.