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If someone co-signs a car loan for you do they own part of the car and will their name be on the title?
Wiki User
∙ 8y ago
If someone "co-signs" a car loan they will certainly be on title and will be entitled to 50% ownership of the car. Please note they will also be 100% responsible for the loan should you forget to pay, etc.
Hope this helps
Sorry, Lloyd, but you're wrong. Cosigning the loan only gets you the privilege of making the payments if the primary borrower does not. You have NO rights to the vehicle if your name is not on the title. Most lenders will insist that all co-owners also sign the loan, but there is no requirement that all persons responsible for the loan have any ownership interest in the collateral.
Wiki User
∙ 8y ago
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Can you register a vehicle if the loan is in someone elses name?
If your name is on the title
If your father cosigns for you to get a car is his name on the title and can he take it away?
To my knowledge, yes his name will be on the title and he would have equal rights to the vehicle.
If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
You bought a car from someone but never registered it and you want to sell it to someone else. Can they still get it registered?
Do you have the title of the car in your name? Is there a loan on the car? You will have to register it if your name is on the title!
If a person cosigns on a vehicle loan and is listed as the primary buyer on the title and the person they cosigned for has refused to make any payments can the the cosigner regain ownership of the car?
If a person's name is listed on a title, that person owns the car. If a person merely cosigned the note, that person's name will not be on the title. If you own the car, you certainly can take physical possession of it.
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.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
Is there a fee to pay to remove ones name off of title and or loan on a home in florida.?
There is a fee to get someone off your title because you would have to get a new title. As for getting someone off a mortgage, you would need to refinance the loan without that other person on the loan and there are always cost associated with doing that.
How can i sell a car to someone and have them take over my current payments?
they h ave to get a loan to pay off your loan and free up the title and then it will be in their name.
If you moved to another country but still have a car loan can you refinance that loan in someone else's name?
The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.
When someone assumes your finance payments are you no longer responsible for the vehicle?
IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.
How does the owner get their name off the car loan?
The loan must either be paid off at which point the bank sends the title slip to the "owner" or the bank agrees to transfer the loan to someone else's name (the new buyer).
