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If parents buy car and there is a loan can car driven by son have hs name on registration and title?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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Can a title loan add there name to your registration without you being present or having a signed title?
No. that is illegal. you must be present.
How do you transfer registration of a car if loan is in another name?
The loan must be paid off first so the lender will release the title.
Can I add my mothers name to my car registration if she is not on the loan?
Yes, you can add anyone to the title you want.
Your son gave you a truck as a gift you are on the title vehicle is insured and registered in your name He is in default on his loan Can the bank repossess your vehicle?
If there is a loan against the car then the bank is on the title and they own the car, your name would be on the registration but not on the title, so yes they can repo it. If you have the actual title in hand then their is no loan on it and you own the car.
Can you repossess a car with the title and loan in your name driven by your daughter if she is not making payments?
Yes. If daughter is nowhere on the title or loan, it is called third party possession. If she is a co-signer, it is called taking your turn driving it.
What is tax title and loan?
When you purchase a car you have to pay: Tax: Sales Tax, Licensing Title: You have to pay the state to register the vechicle (and be given the title to the car) Loan: the loan for the car and the associated fees Those various costs are often referred to as the Tax, Title, and Loan costs of a car. A 10,000 car may have a 6% sales tax (600 bucks!) registration may run you a few hundred, and then any loan fees (normally rolled into the loan).
Who owns the car if the registration is in one name and the car loan is in another name?
The entity recorded on the TITLE is owner...name or business. On occation, the registration may be different, or the borrower may be different.
Can your car be repo'ed if you have the title?
IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.
I took out a car loan in my own name but I am not on the registration the car owner can not drive any more can I have the registration switch to me if I take over the payments.?
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.
What is a title loan?
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
If the loan paperwork is in your name how could your ex register the vehicle in hers?
The DMV doesn't care who's name the loan is in, only the name that appears on the title and registration. Either way, the lenders name would have to appear on the title since the DMV has to know who actually 'owns' the vehicle.
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
