<prompt> Human: Writing this for a friend of mine that doesnt use reddit. He co-signed a 20,000 car loan for a family member and they skipped town and now the car is missing. Now the finance company is calling him saying he needs to pay 2000 this week or theyll be lawyers involved.Best thing I could think of for him was going to be to take ownership of the car and sell it, try to recupe some of the loan amount, but its gone...Is there anything he can do to avoid the finance companies lawyers hanging him out to dry? Hes kind of panicking.EDIT: he is on the title, and hes considering calling the police and reporting it stolen.  <response>: Unfortunately thats why the have cosigners, so someones on the hook when the original cantdoesnt pay. Its his debt as well. 