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If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
Can I be listed on a car title without being responsible for the loan?
No, being listed on a car title means you have ownership rights to the vehicle, which typically makes you responsible for the loan associated with it.
Why is my cosigner listed on my car title?
Your cosigner is listed on your car title because they are legally responsible for the loan if you are unable to make payments. This provides the lender with added security and ensures that the loan will be repaid.
Can the cosigner register the car?
Yes, the cosigner can register the car if they are listed on the title and have the necessary documentation.
How do you remove someone's name from a car title?
To remove someone's name from a car title, both parties must sign the title and complete a transfer of ownership form at the Department of Motor Vehicles (DMV).
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.
If your father cosigns for you to get a car is his name on the title and can he take it away?
To my knowledge, yes his name will be on the title and he would have equal rights to the vehicle.
Who owns the car the buyer or co-buyer?
Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.Whoever is listed on the Certificate of Title is the owner of the car.
Can a 16 year old legally own a car without parental consent?
Legally they cannot hold title to a car. Someone else has to be listed on the title.
If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to borrow money for you to have a car. The car should have full insurance coverage in case of an accident.
If the cosigner and the primary borrower are on the car loan but the payment book is in the primary's name who owns the car?
The owner of the car is the person listed on the Certificate of Title.The owner of the car is the person listed on the Certificate of Title.The owner of the car is the person listed on the Certificate of Title.The owner of the car is the person listed on the Certificate of Title.
Can you register a car without being listed on the title?
Yes. When you finance a car, your name isn't on the title.
When two people are on a title of a car does the first name have more liability?
It does not matter who is listed first. If more than one person is listed on the title of a car, all parties on the title are equally liable.
If someone has a car title that belongs to a person that someone paid for from a title loan place and the person didn't put his name on the lien spot so does the car still belong to him or you or who?
The car belongs to the person listed as the owner on the title. Listing someone as the lien holder does not make them the owner.You can't transfer a motor vehicle when you know there's a lien on it. The lien would be reflected on the title and a prudent buyer wouldn't take title that is encumbered by a lien.
Car not paid for but i have car title?
You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.
If someone cosigns on an auto loan and you want to sell the car before it is paid off does the cosigner need to be a part of the sale?
You can as long as the title says:(example) John Doe or Jane Doe, if it says John Doe and Jane Doe then the cobuyer has to be a part of the sale.
Can I be listed on a car title without being responsible for the loan?
No, being listed on a car title means you have ownership rights to the vehicle, which typically makes you responsible for the loan associated with it.
