Yes. When you finance a car, that's exactly what happens... the financier is the title holder until that vehicle is paid off.
The entity recorded on the TITLE is owner...name or business. On occation, the registration may be different, or the borrower may be different.
No. The title is the document that establishes ownership.
The loan must be paid off first so the lender will release the title.
Yes the co-buyers name does appear on the title, but not on the vehicle registration.
Most states will allow you to register a car in one name even if two names are on the title. Of course, the registration has to be in one of the names on the title.
there is also no bill of sale on it.
You must have the car owner sign the title over to you and then you can obtain a Certificate of Title in your own name. In fact, you should do it ASAP.
Since it was awarded to you, he needs to sign the title. You can take the title in as well as the paperwork from the divorce which proves you get the car to the county auditor's office (or the place where you get a registration) and get a new title ordered plus a registration.
Yes, you can add anyone to the title you want.
NO. oNCE YOU HAVE TITLE TO THE CAR YOU ARE REQUIRED TO HAVE YOUR OWN INSURANCE.
This question is extremely confusing. If the parents buy themselves a car, the parents name will be on their registration and title. If the parents lease a car for their son, the son's name will not be on the title. The company that leases the car will retain title and will take the depreciation in order to receive the depreciation under Federal Income Tax Law. How the registration reads will vary according to state law. However, there will be some type of legal document showing the son is entitled to drive the car legally.
Registration of a vehicle should be listed in the name of the person who owns the vehicle, not the one who pays for it. If you have purchased a car from someone, you should transfer the title to your name. You can then take the title to the county tag office and register it in your name. If you do not transfer the title, the car remains the legal property of the prior owner.