Just wondering if anyone would know this. I am thinking about co signing for a car loan for my daughter. She doesn't live with me. If for some reason she defaulted am I allowed to reposses? The call cosigning, cobuying. So if I'm cobuying I would think its mine as well. Especially if I have to pay the payments. I don't think there will be any problem. She's been paying car payments for years with out issue. Her husband had a bankruptcy years before they were married so it makes it hard for them to get credit. They keep going to this small dealer that overcharges.