Can a cosigner on a car loan report the car as stolen?

I had a falling out with my stepfather, who is the cosigner on my loan. He's always been a spiteful person, and he's threatened to report the car as stolen on more than one occasion. Can a cosigner do this?

Answer
“People get this confused all the time. A cosigner is simply a person who pledges to pay off a loan if you, the primary loan holder, can’t or won’t.
They have no legal right to the car, as their name isn’t on the title. Could your stepfather report the car as stolen? He could try, I suppose.
But in most cases, the authorities will want to see his name on the title to know that he is the rightful owner of the car. Since he can’t procure this document with his name on it, chances are that nothing will happen.
If your car is reported stolen, just stay calm. If you’re pulled over, explain the situation to the police officer and they’ll sort it out within the law.”
avatar
Eric Schad
Answered on May 05, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings — it's 100% free