Yes. Vehicle registration simply documents who legally owns the vehicle. You don't actually have to have a drivers license to own it.
In a loan where the vehicle is the collateral, it is registered, but if you do not keep up with your payments, the bank stakes their claim and reposseses it, so in a way, the bank owns it, and it is a rent-to-own vehicle.
The person who's name appears on the title is the legal owner of the vehicle.
If there is a co-signer on a loan for a car, the person who is making the regular payments is usually the owner of the car. Unless, the car is registered to the co-signer, the person making the payments owns the vehicle.
If the car is in your name, you have all of the rights. If things were to fall through between the two of you, unless you and he have a signed agreement that you'll pay him back, you dont' have to pay him anything. Of course, that would be horrible to do, and he could take you to small claims court to get his money back. * Verbal agreements are legally binding. Only the person who holds title to a vehicle owns the vehicle. It is irrelevant who the vehicle is registered to. If the person has the title he or she can legally repossess the vehicle at any time and sue the borrower for any applicable costs connected to the repossession.
well technically the one that owns the car is the person who buys it === ===
A registered owner is the person who has purchased or is purchasing the vehicle for their own use, while the legal owner would be a lien holder like a bank or other financial institution that actually owns the vehicle until it is paid off.
who owns this vehicle owner of this vehicle
The insurance should be under the name of the person to whom the car is titled and registered. Also, if the person who legally owns the car is not the person who will be the main driver of the car, the person who will be the driver on the car should be added to the policy.
If the vehicle is actually registered in the name of the minor, the parents cannot sell the vehicle without the owner's consent. However, in most places it is illegal to register and title a vehicle solely in the name of a child, and the vehicle would therefore legally be the property of the parents. Additionally, regardless of how the vehicle is titled, the parents have full authority to restrict the child's privileges to use the car, regardless of who owns it.
Who owns the car, the co or the person?