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Why is your name on a car title as being the owner of the car if you only cosigned for it?
Wiki User
∙ 18y ago
Your name is on the title of a car just even if you just co-signed for it because that is what co-signing means: you are the co-signer on the loan. The first person signs the loan, which means that he or she is the owner. If they had signed it by themselves, they would be sole owner. A co-signer is like a "co" anything; co-meaning together. Cohabitate, Cooperate...etc. Generally cosigners do not have a vested interest in the secured property and therefore they are not placed on the title. A cosigner makes a binding legal agreement that they are responsible for repayment of the loan if the primary borrower defaults. The cosigner does not have legal rights to the property including a vehicle. Unless the primary borrower requested the cosigner be placed on the title it is an error and should be corrected as soon as possible to prevent future problems with receiving a clear title once the loan is paid.
Wiki User
∙ 18y ago
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If you cosigned for an auto loan and your name is on the title do you have a right to the auto?
Absolutely, name exists on title therefore you are part owner.
If the primary borrower on a cosigned car lease dies. what happens to the car?
The person who's name is on the Title is the owner of the car.
What rights do i have to a vehicle that my wife cosigned for me but the title is in her name because i don't have a license?
None
If a person cosigned for you and their name is on the title are you required to pay them back?
only if you owe them money
How do you go from being a co-signer to being an owner of the property?
The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.
Car with a co-signer being the the primary owner how can you get there name of and just have your name on the car?
If their name is on the Certificate of Title they would need to sign over the title to you. You would need to submit the Title to your state Department of Motor Vehicles so that it can issue a new Certificate of Title in your name as sole owner.
If a person cosigns on a vehicle loan and is listed as the primary buyer on the title and the person they cosigned for has refused to make any payments can the the cosigner regain ownership of the car?
If a person's name is listed on a title, that person owns the car. If a person merely cosigned the note, that person's name will not be on the title. If you own the car, you certainly can take physical possession of it.
How do you get a title for a motorcycle you buy from an owner who never got the title when they bought it?
You have to get it from the owner that last had the title in his name.
NEED TO FIND OWNER?
LOOKING FOR TITLE OWNER NAME
Are you the legal owner of the car if the title is not in your name?
No
How do you transfer a vehicle title?
The person who has the present title signs it over to the new owner. The new owner takes that certificate of title to the DMV and it will issue a new certificate of title in the new owner's name.
How do in register a car with last owner died and no title?
you will need to go to the bmv and file for lost or stolen title, it title is in previous owners name, how to transfer in my name if owner is deceased.
