The legal owner must sign the Certificate of Title transferring ownership to you. You must take that Certificate of Title to the Department of Motor Vehicles and submit it so that a new Certificate of Title can be issued in your name.
I want to purchase a new vehicle. The vehicle I currently have I was awarded by a judge in divorce court, however the vehicle is not in my name. Can I trade this vehicle with my ex's permission to sign off and put it towards my new vehicle that will be in my name? I make the payments and still owe money on it.
No. It's the same as with an automobile. You cannot insure a vehicle that you do not have an insurable interest in which generally means that you own the vehicle. If you own the vehicle or motorcycle but are still making payments you are considered the owner.
Yes. There is no prohibition to purchase the vehicle and also to insure the same. Bhanu
In most states a shop can put a mechanic's lien on the vehicle whether you are still paying the note or not. This means that you cannot sell the vehicle until you clear the lien.
no not that i know, my dad had bad credit so he put it in my grandmas name
Fill out another Pink Slip (change of ownership) listing her as owner, you complete release of ownership section. Here's a hint - If you want to purchase a vehicle for your child 18yrs+ but do not want the financial responsibility of let's say tickets, then put yourself on as lien holder only. If vehicle gets towed you can still get the vehicle out of storage, but if a hold is placed on the vehicle you are responsible for holding the vehicle for the specified time period.
If I have a car in my name with a lien on it and the car Is only god for scrap metal can I put the loan lien on my wifes car if she transfers the car to me.
as long as you physically have the title in your possession and its in your name and they haven't signed the back, you are still the legal owner. A title company would have to give proof of your financial obligation to them
As long as you have a bill of sale from the previous owner and a clean title (if required by your DMV) you have a lifetime to put it in your name.
As long as she still lives in your household then yes you can add her to your policy. You need to make sure that she is listed as a driver on your policy and you may put her vehicle on there as well.
A person or a company that puts a lien on a vehicle is a "lien holder" that is on the title. It is not recognized as ownership.
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