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if da buyer does not get da title in their name legally is not ders
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∙ 12y ago
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When you sell a vehicle that you have clear title on and the buyer plans on financing who do you name as the vehicle owner on the title?
The buyer.
Can the co-buyer have their name removed from the title once the loan is paid off?
Yes, the co buyer can have their name removed from the title. You can go to the title office and have it removed.
Is there a way to get your title if you still owe on the vehicle?
The buyer/borrower should have a copy of the title, as it is needed to register the vehicle. The title will have the name of the buyer and the name of the company holding the lien on the vehicle.
Who has rights to the title buyer or co buyer?
It depends on whose name or names are on the title. A co-signer of a loan isn't necessarily an owner. Their name must be on the title to the property also. The person or persons who are listed on the title have ownership rights in the property.
What do you do with a car title when you sell the car privately?
Take the title along with the buyer to your local DMV and have the car transferred over from you to the buyer. Do not sign the title over until you have the money in your hand, and do not let the buyer have the car until you have it transferred out of your name.
Does the co-buyer name appear on car title?
Yes the co-buyers name does appear on the title, but not on the vehicle registration.
If you repo a vehicle and the title is in the buyer's name and they won't sign it how do you get it titled in your name again?
Call your state DMV. They have procedures for the title work.
Are you legally obligated if you turn a used car over to the buyer before the title is in his banks name?
Yes !! Until the new buyer re-registers the vehicle into his/her name, YOU are legally liable for any damages to people or property as long as your name is on the title. Best to hand carry the title with both seller and buyer to the motor vehicle office and get this done before handing over the keys.
How do you sell a car if the money from a private party will be used to cover what you owe on the title?
Take the buyer & title to the car with you to the lender that holds the lien on the vehicle. Use the money he is paying you to pay off the loan and get a lien release from the lender. Sign the car over to the buyer at the lender's place of business. Take this lien release and the title with you and the buyer to your DMV, and transfer the car into the buyer's name.
How do you transfer car title to buyer?
Take the title, yourself and the buyer to your local DMV. They will take care of everything.
What constitutes the sale and legal transfer of ownership on a vehicle how long does it take and what is DMV's role?
You can sell a car for any reason. There doesn't have to be a reason. The owner signs the title over to the buyer. They buyer then takes the title to the DMV and gets the title into their name. The buyer may have fees or taxes charged to them. They can find out what they will be before buying the car.
How do you sign a car title over?
THE BUYER AND SELLER WILL SIGN ON THE BACK OF THE TITLE MAKE SURE YOU WRITE YOUR NAME AS IT IS ON THE TITLE, THERE WILL BE A PLACE FOR SELLER AND BUYER TO WRITE NAME AND ADDRESS AND ZIP. A PLACE FOR THE AMOUNT SOLD. IF YOUR BUYING FROM FAMILY, YOU CAN GET A PAPER AND FILL IT OUT SAYING IT'S A GIFT AND YOU WON'T HAVE TO PAY ANY TAXES ON IT. YOU GET THAT PAPER WHERE YOU BUY THE TAGS AND GET THE TITLE CHANGED OVER TO YOUR NAME. GOOD LUCK SRHAND
