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What rights does a co buyer have to a vehicle?
The co-buyer of a vehicle has equal rights to the vehicle if there name is on the title. The co-buyers rights can be defined by a written or verbal contract.
Does a co buyer have rights to the auto loan payments?
The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.The lender has the right to receive all the payments. A co-buyer has no rights TO the payments.The co-buyer is equally responsible for making the payments.
Is the co-signer and co-buyer the same thing on a bank application?
Co-buyer = Name is on the title and has rights to the property. The lender will PROBABLY insist that this person also sign the loan as a co-signer or joint borrower. Co-signer = Name is on the loan and is obligated to make the payments if the primary borrower does not. This gives you NO rights to the property.
Can the co-buyer have their name removed from the title once the loan is paid off?
Yes, the co buyer can have their name removed from the title. You can go to the title office and have it removed.
What happens to co-buyer of a vehicle if the primary dies?
If the primary buyer of a vehicle dies, the co-buyer typically retains their ownership rights and responsibilities for the vehicle. The co-buyer may need to provide documentation, such as a death certificate, to transfer the title solely into their name. Additionally, any financing obligations on the vehicle would usually fall to the co-buyer, who would be responsible for continuing payments or handling the loan with the lender. It's advisable for the co-buyer to consult with a legal professional to understand their specific rights and obligations in this situation.
What rights do the co buyer have if the primary buyer pays the car off but the co buyer has made all payments before that?
none
How can a co-buyer take possession of a truck when the primary borrower is not making the payments?
When someone co-signs, they are basically just agreeing to making the payments when the signer can not. * Any legal rights that a cosigner or a co-buyer(borrower) have depend upon whether or not their name is on the title to the vehicle.
If the buyer hasent made any payments over a car and the co buyer has. What are the co buyers rights?
The co-buyer can sue the buyer in court and provide proof of payments and be repaid the amount put in.
Buyer want all rights to vehicle from co buyer?
The only way to get all rights back from the co-borrower is to have the loan refinanced. The co-borrower will have to agree to remove their name from the car.
Does the co-buyer name appear on car title?
Yes the co-buyers name does appear on the title, but not on the vehicle registration.
Can a co-buyer take possession of the car?
Yes, a co-buyer can take possession of the car if they are listed on the title and have a legal right to do so.
How many names can be on a vehicle title?
Two. The primary and the co buyer.
