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 Dear
Terry,
I co-signed for my son's new car loan. If he takes
the car and runs away from some personal legal
problems, can I report it as car theft and not
be held responsible for payments? If he steals
my personal car, will I be covered by my insurance?
He will definitely need a car to flee.
-- John
 Dear
John,
I don't know whether to take this question seriously,
but I'll try. There are a whole bunch of potential
felonies here, from insurance fraud to filing
a false police report. If your son takes off in
a car with your knowledge and help, it's not car
theft and you'll be responsible for any payments.
Tell your son to stay and take care of his problems.
Running never helps.
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