You cant purchase another car because you are still on your ex-husbands loan as co-signer do have the right to take his if late payments and lack of insurance affecting credit?

If you are still legally responsible for a car loan as a co-signer, you may have certain rights and obligations with respect to the car. However, the specific laws and regulations regarding co-signing a loan and the associated rights and responsibilities can vary depending on the jurisdiction and the specific terms of the loan agreement. It's important to consult with a qualified legal professional or review the loan agreement carefully to fully understand your rights and options in this situation.

In some cases, if the primary borrower (your ex-husband) is not fulfilling their obligations, such as making timely payments or maintaining adequate insurance, it may affect your credit and financial standing. You may have the right to take certain actions to protect your credit and mitigate any potential negative consequences, including:

1. Contact the Lender: Reach out to the lender or financial institution that holds the car loan and explain your situation. Inquire about your options and rights as a co-signer and discuss any available remedies or arrangements to address the late payments and lack of insurance.

2. Review the Loan Agreement: Carefully read the terms and conditions of the loan agreement to understand your responsibilities and rights as a co-signer. This may provide information on potential remedies or actions you can take in case of default or non-compliance by the primary borrower.

3. Consider Refinancing: You may want to explore the possibility of refinancing the car loan on your own, without your ex-husband as a co-signer. This might allow you to remove yourself from the loan and avoid any further financial consequences related to his lack of compliance.

4. Legal Remedies: Depending on the jurisdiction and specific circumstances, you may have legal remedies available to you. Consulting with a legal professional can help you assess your options, such as pursuing legal action against your ex-husband for breach of contract or taking steps to protect your credit.

5. Negotiate with Your Ex-Husband: Open a line of communication with your ex-husband and discuss the situation. Encourage him to fulfill his obligations under the loan agreement to prevent any negative impact on both of your credit and finances.

6. Documentation and Records: Maintain detailed records and documentation related to the car loan, payments, correspondence with the lender, and any legal actions taken. This can be crucial if you need to provide evidence or support your claims in case of any disputes or legal proceedings.

Remember, the specific rights and responsibilities of co-signers can vary greatly based on jurisdiction and loan agreement terms. Seeking advice from a knowledgeable legal professional who can provide tailored guidance based on your specific situation is highly recommended.