Although my husband is not a legal professional, he is a full-time real-estate professional. He said that in his opinion, a loan on a vehicle is a mortagage, and you can't mortgage property that belongs to another - thus to get a loan on a vehicle the title and registration must be in your name. The only accurate answer would most likely have to come from an attorney. States establish laws concerning the titling and ownership of motor vehicles. It is possible in most states to have a vehicle titled to a person who is not a part of the lending agreement. However, the lender will remain on the title as a lien holder until the contract is paid in full. Titling the vehicle to another person will not prevent the vehicle from repossession action if the lending agreement is defaulted. In addition, in all states the person who holds the title to real property is considered the rightful owner (with the exception of lien placements). Therefore, the borrower could be responsible for the debt but not have the use of the vehicle until (unless) the court ruled otherwise. MY EX IS THE SOLE BORROWER ON A VEHICLE LOAN AND THE VEHICLE IS TITLED IN MY NAME. I'M TRYING TO FIGURE OUT HOW I CAN GET THE VEHICLE TITLED IN HIS NAME INSTEAD SEEING THAT WE ARE NO LONGER TOGETHER. SO YES IS THE ANSWER TO YOUR QUESTION. YOU JUST HAVE TO SIGN A PAPER SAYING IT'S OKAY FOR THE LOAN BORROWER TO USE YOUR VEHICLE AS COLLATERAL AND THEY TRANSFER THE TITLE TO YOU INSTEAD OF THEM.
NAME OF OWNER
No - it is a used vehicle It has Already been titled
Never title a vehicle in the name of a child. If it is titled in the name of a child, and you decide to sell it or trade it in, you cannot because the child cannot legally sign a document until they reach the age of majority. There is no reason to do this anyway.
For a car to be covered, the policy must be issued in the name of the titled owner of the vehicle. No one else has an insurable interest in the vehicle.
After a persons death, the deed and a copy of the death certificate can be used to change the title if it was titled as "or". If the deed is titled as "and" it may be necessary to execute the will beofre changing the deed.
No Try Kentucky
In most states it is possible for the action depending on the exemption status of the vehicle and how it is titled.
As long as it is titled in your name, you can sell it without it being registered.
The song is titled - "Words" by - Missing Persons
drive it across the border, have it inspected and titled there.
Nothing, they are equally responsible for the debt. Whether they each own equal shares of the property depends on if they are married; if they're not ownerhip is determined by how the property is titled. Basically what makes one person a borrower and the other a co-borrower is one simple factor, money. Whoever makes more money will in most cases always be the main borrower, regardless of credit scores. Like the person above said, both people are just as responsible.
It depends upon the laws of the state of residency. When a vehicle is titled to two persons it is worded in two ways; if the names are separated by the word "and" both parties must agree on the disposition of ownership or request the court to do so; if the names are separated by the word "or" then either party can take whatever action they choose concerning the vehicle. It is generally presumed that the party who is in possession of a vehicle that is titled using the word "or" retains possession unless a court rules otherwise.
The 4th amendment does extend to automobiles. No Police Officer or Government official may seize any property from a persons property unless you're under arrest for a crime involving that said vehicle or they have a warrant for that said vehicle.
The vehicle can be sold as new as long as it has not been titled.
Call your agent, there are some cases where you can.
If there is no specific designation on the vehicle title the default laws of the state in which the vehicle is titled will apply.
No. A commercial vehicle is defined as a motor vehicle used for public transportation or cargo transportation. Generally, A vehicle is designated "commercial" when it is titled or registered to a company. A taxi cab is a commercial vehicle. A police car is not.
In many states, a slavage vehicle can be inspected and receive a "salvage title". If you ever want to sell the vehicle you'll have to disclose the salvage title.
If you purchase from a Will County dealer, the rate, as of May 2009, is 7%, unless the vehicle will be titled and registered to a Chicago address, in which case another 1.25% is added for Chicago home rule tax, for a total of 8.25%. If the vehicle will be titled and registered to an out of state address, the dealer may or may not have to collect any sales tax. The basic rate for private party transactions is 7%, depending on the age and value of the vehicle.
It depends on the laws of the state where the vehicle is titled and the wording of the title itself.
Go to the DMV in your state.
60% of the value of a comparable clean titled car.
The title of state?? I can only assume it means the state that the vehicle is registered and titled in.