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The lender owns the vehicle until it is payed for by the lender. The Primary lender will own the vehicle once it is payed for. It also depends on whose name appears on the title.
No. The primary insured MUST match who owns the vehicle, otherwise any claims made for that vehicle will most likely be denied.
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Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.
yes
NO. The insurance policy has to be in the name of the titled owner.
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yes its basically the same name
No, a co-signer does not have to be on the registration for a vehicle. The co-signer is typically responsible for the loan payments if the primary borrower fails to pay, but they do not have ownership rights to the vehicle unless their name is also on the registration.
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No, a cosigner has no legal rights to a vehicle unless his or her name appears on the vehicle title.
The only way to be relieved of the obligation is for the primary borrower to refinance the vehicle.