Both co-owners share ownership. Neither is the "primary" owner. The primary owner is determined by the name(s) listed on the certificate of title.
Both co-owners share ownership. Neither is the "primary" owner. The primary owner is determined by the name(s) listed on the certificate of title.
Both co-owners share ownership. Neither is the "primary" owner. The primary owner is determined by the name(s) listed on the certificate of title.
Both co-owners share ownership. Neither is the "primary" owner. The primary owner is determined by the name(s) listed on the certificate of title.
Both co-owners share ownership. Neither is the "primary" owner. The primary owner is determined by the name(s) listed on the certificate of title.
Two. The primary and the co buyer.
If there is no specific designation on the vehicle title the default laws of the state in which the vehicle is titled will apply.
If there are two individuals listed on the title of a vehicle as primary and joint, they are both responsible for the payment of the loan. If the primary defaults on the payment, the joint owner is responsible for payment. If both parties default, the vehicle can be repossessed.
If two names are on the title seperated by a comma. What does this mean?
No, both names hold equal value. If the title says name one OR name two then either one can dispose of the vehicle. If it says AND or just lists the two names, both must sign.
Yes
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.
if you are on a car title and co signed for that vehicle, and it reads " you or them " can you register the vehicle
If your names BOTH appear on the title - yes - you will both have to sign.
It belongs to the other person on the title.
The primary must also be listed on the Certificate of Title in order to take possession of the vehicle. If not then the primary must sue the co-borrower to get possession of the vehicle. In fact, if the vehicle is listed in both names, a court will need to decide who gets what since the co-borrower has already made an investment in the car. The primary may need to buy her out in order to get title in her name alone. You should consult with an attorney who can review your situation and explain your options or take your chances in court by representing yourself.
The primary must also be listed on the Certificate of Title in order to take possession of the vehicle. If not then the primary must sue the co-borrower to get possession of the vehicle. In fact, if the vehicle is listed in both names, a court will need to decide who gets what since the co-borrower has already made an investment in the car. The primary may need to buy her out in order to get title in her name alone. You should consult with an attorney who can review your situation and explain your options or take your chances in court by representing yourself.