About a month ago my "friend" called me and asked me to co-sign for his car loan. I gave it some thought and said yes.(considering the fact that we were practically brothers) So i go to the dealership and i sign the papers as a co-signer. About a month later I recieve a due payment on the car and it does not have me as a co-signer.
In fact it only says my name on the bill not even my friends. I can't afford the car he has purchased because i have a car and mortor cycle that I am paying off. So I was tricked by my friend and the seller at the dealer that i would be a co-signer of the car loan. So now im stuck between what I can do legally? Either wait out the 5 years and hope my friend doesnt crash, Take the car and pay for it, Or sue the dealership for lying to me into thinking I was a co-signer(would I have a case?). Any help would be apreciated.
-Thank You
In fact it only says my name on the bill not even my friends. I can't afford the car he has purchased because i have a car and mortor cycle that I am paying off. So I was tricked by my friend and the seller at the dealer that i would be a co-signer of the car loan. So now im stuck between what I can do legally? Either wait out the 5 years and hope my friend doesnt crash, Take the car and pay for it, Or sue the dealership for lying to me into thinking I was a co-signer(would I have a case?). Any help would be apreciated.
-Thank You