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If your car loan is in your boyfriends name and the title is in your name who is responsible for the car?
What is your agreement with him? Legally he is responsible for the loan. As to the car, which is in your name, you obviously are the owner. You are responsible for all maintenance on the car.
- Technically that is illegal to begin with. The motor vehicle division in your state is supposed to have the same owner name on the title as the name the loan (or lien) is filed under. Is there actually a lien filed on the vehicle? If so and motor vehicles finds this discrepancy, there could be big problems. In a situation like this, then as for who is responsible - well that depends on what you mean by "who is responsible" for the car. The person on the loan is responsible for the loan payments. As for other aspects of who is responsible - you would have to be a little more specific.
What else can I help you with?
When someone assumes your finance payments are you no longer responsible for the vehicle?
IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.
Who is resposible for the loan if the title is in the deceased name only?
The estate is responsible for the loan. If it is not paid the bank will take the property.
How can you hold the title on a vehicle loan to a friend and not be liable for any accidents that he may get into?
If your name is on the title you will be responsible for all debts and damages.
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
Who is responsible for a car when the laon is in his name and the Car title is in my name?
As far as I understand.... The person who's name is on the car title is the owner of the car (Period). and if..... you are the COSIGNER for this person and your name is not on the title. You are still responsible for the loan payments even if you split up etc... That is why the person that has the car needed someone to sign for them, because the bank would not give them a loan. They were considered HIGH RISK!
Is the spouse responsible for the car loan?
In general, if the spouse's name is on the car loan agreement, they are responsible for the loan. If the loan is in one spouse's name only, that spouse is solely responsible for the loan.
Should both names be on the property title if you co sign a loan?
If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
If your name is on a title as the co-signer am I legally responsible if there is an accident?
I co-signed for the loan on my sons car. If there is an accident would they come after me.
What is a title loan?
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
Are you responsible for your deceased husbands car payments if your name is not on the title or on the loan?
unless his will states otherwise you inherit all of his property and debt. that includes, loans.
If someone co-signs a car loan for you do they own part of the car and will their name be on the title?
If someone "co-signs" a car loan they will certainly be on title and will be entitled to 50% ownership of the car. Please note they will also be 100% responsible for the loan should you forget to pay, etc. Hope this helps Sorry, Lloyd, but you're wrong. Cosigning the loan only gets you the privilege of making the payments if the primary borrower does not. You have NO rights to the vehicle if your name is not on the title. Most lenders will insist that all co-owners also sign the loan, but there is no requirement that all persons responsible for the loan have any ownership interest in the collateral.
Can you get the title and license plates in your name if the loan is in your mothers name?
No.
