A cosigner has full responsibility for the debt, so she wouldn't have any more options than if she had defaulted on her own auto loan. Does she have a CA showing on her reports in addition to the repo, or is it still with the original creditor?
She will probably not be able to get a PFD from an OC, but you can always ask. Credit-wise, she should still address it before it goes to a CA, becomes a judgement/garnishment, etc. At the very least she may be able to settle for less, and it's possible that sale of the repo'd vehicle knocked off some of the outstanding balance already. (But that's very vehicle- and situation-dependant. Sometimes the lender can get a decent chunk back, often nothing or next to nothing.) She'll probably have this derog on her reports for 7 years, but imo will still want to work it out w/ the OC if she has the money to do so to avoid further negative consequences.
Id be suing the friend in civil court for the non- payments , plus attorney fees, etc... hard lesson to learn unfortunately.
I agree with this, in addition to what you're planning to do with the TL itself to work it out with the lender @11bmac.
Unfortunately it appears your daughter has learned the hard way that parents (usually) know best. 😢
That was actually my very first thought. Hire a lawyer and take her to court! Evidently here's how it went down: daughter was asked to cosign and did, friend got the car and about a week later stopped responding to any correspondence from my kid. She learned through mutual acquaintances that she left the state a little after the car was taken. I know that she could easily be found and all, but im not going to recommend that route. Love my kid to death, but I told her never to do this and she did it anyway. And from what I can gather, it wasn't even really that close of a friendship. I think the lesson will be drilled in a lot better by her having to do exactly what a cosigner does, be responsible for the debt. Itll cost her money and a negative file for a few more years but I'm hoping it will be the last time she let's her heart make financial decisions.
Said "friend" is also getting their credit wrecked, but clearly they don't care. Not sure what their end goal was, if the car will (already did?) just end up getting repo'ed...