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Is it legal for a 19 year old to sign a note so his 16 year old friend can buy a car with both names on the title but payments and insurance in the 16 year old's name?
Wiki User
∙ 12y ago
You are not a guardian who can choose to allow a minor to take a loan, nor able legally co-sign a loan with a minor.
Wiki User
∙ 12y ago
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Does a co-signer have legal rights to a vehicle if they have been making the payments?
Depeding on how the vehicle is titled you may have legal rights to the vehicle even if you aren't making the payments. However, in order to just get it titled in your name then you will need their consent if it's currently titled in both of your names. Very simple answer to all these questions. If your name is on the title, you can have the car. If your name is on the loan, you can make the payments. WHAT if BOTH names on tittle, reg and insurance, one is making payments but other is the strong credit that got bike and wants it back
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I once had a rooster named Smokey and I co-signed to get him a Power Wheels truck, you know, that Escalade deal. Well Smokey didn't pay the note but he got all the chicks! Ha Ha
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