Girlfriend stuck in bad auto loan. We did the research and they call it a 3rd Party Loan?

Loan prior to us meeting. We went to trade in the car to move up. Found out what kind of mess she had got in years ago. No dealer will take this car as a trade because she is a ghost on the loan. Some guy in some hole in the wall financed this car for her but actually he financed it through his bank. He gets a low rate and charges her a higher rate which I guess is all on the up and up but on the Title it shows the Finance place that she went through and his bank I assume. No dealership will take her car and pay it off as there is no guarentee that he will do so and send them the title. He also somehow wrote this deal up as a Lease. When questioned, he states that the car would be paid off way before the Lease expired??? What recourse does he have if we just turn over the car? This car doesn%26#039;t even exist on her credit. She doesn%26#039;t want to affect the co sighner she had when she got the car 4 years ago. Like I said, she doesn%26#039;t exist to the Bank thats on the Title, just to the middle guy

Girlfriend stuck in bad auto loan. We did the research and they call it a 3rd Party Loan?student loan consolidation

Be carefull, In Illinois there is no such thing but the middle guy can go after your credit after you give the car back because, remember, you have a signed contract, He can sell the contract to a collection agency.

Girlfriend stuck in bad auto loan. We did the research and they call it a 3rd Party Loan? loan

What name is on the title as registered owner? That would be the only person who can do anything with the vehicle, and it%26#039;s unclear from your question who that would be. Who is the legal owner?

If it is written up as a lease, she is renting miles on the car, not buying it.

I would suggest a half hour with an attorney.