Since when traded in the car lot becomes Legel owner, Until the previos owner or car lot sends info to state, records will show sellers name as registered owner until the vehicles is sold or State gets the info.
Yes, cars are registered to each individual owner. So, by selling it, it becomes un-registered.
Who is the legal owner or owners of a car if it is registered in one name but paid for jointly by 2 parties
Apply for a duplicate title. Not a problem if you are the registered owner and the purchaser of the new vehicle
No
Yes. Only a registered owner of a car can get the insurance. The insurance policy document and registration documents of a car both should be in a name of one person. The mismatching of documents leads to legal complications. So it is important to ensure that to get insurance, you have to be the registered owner of a car.
Who holds the title to this car
The car needs to be registered in the state the owner resides in.
YES (with the owner's permission)
I believe if the car is registered under the owner, they will be notified.
This question will wind up in court if you ask me. The registered name on the title is the owner, period. Anyone else will have a tough time to claim ownership.
Just becasue the car dealership went out of business does not mean you now own that car. It is more than likely that the finance that was used for your car was provided by another party..... Sadly, you will have to continue making payments
It depends on the regulations in the specific jurisdiction, but generally, the registered owner will need to be present to retrieve a car from impound. If the registered owner is unable to do so, they can usually designate someone else to pick up the vehicle with proper authorization and identification.