Yes. And as long as you are the Co-Borrower paying the loan to the bank.
If the title is in the child's name, the child is the legal owner and the parent cannot take the car, regardless of who pays the insurance.
Legally, NO !!! can you, sure!! LOL
Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.
Look at the registration card. Just below the name of the title holder is "lienholder." If there is a name or company name there, then there is a lien on the car and the person will not have a pink slip. If the person has a pink slip, there is no lien on the car. There may be other reasons for a lien to be on a car, but the most common is that the car has been financed and the load has not yet been paid off.
Contact your lender.
My son has autism and his car seat was in my friends car that was reposed can they withhold my childs car seat
I think you could only do something like that as a cosigner, because the loan originator will put a lien on the title that will have to be settled before the car can be sold or transferred.
no. not unless the lender allows you & it won't. you would have to sell the car, pay off the loan & then transfer title. all at the same time.
Typically you cannot transfer the car title because the person who is financing the car doesnt even have the title, the title stays with the bank. Youd have to go to a dealer with the person and have the dealership work that out
A lien holder is someone who has a financial interest in a car. It could be the bank you financed it from, or someone else who the car owner owes money to. The car owner's name is on the title with the lien holder's name so that you can't sell the car without the lien holder signing the title...this means that you don't owe the lien holder any money on the car. The car is now 100% owned by the title owner.
If you bought a car and it is not titled in your name, then you do not own the car. You had better talk to the bank and you local DMV immediately. Why was the car put in someone else's name? Do not ignore this, and get this straightened out now.
to get a plate on a car does the title have to be in my name?