The vehicle will need to be refinanced with the lender after probate procedures have been completed. The new owner will then need contact the DMV in their state to obtain information on how to have a new title issued in their name.
I believe you can sell it if you are the beneficiary, or if you inherited the vehicle.
you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............
No, there is no extra charges on an insurance policy for a financed vehicle. Only difference will arise in the paper works, and it will mention that the vehicle is hypothecated.
You would have to get your solicitor to contact the authorities, who will issue a change of ownership document. The solicitor would have to prove the original owner is now deceased, and that you are legally entitled to own the vehicle.
Any lender requires insurance if the vehicle is financed.
Legally? Yes.
The title is evidence of ownership.
put sugar in the gas tank
There is no transfer of ownership - the lie holder was always the one who had ownership of the vehicle.
If you have lost your ownership, you can obtain one from your local Ministry of Transportation office. Just copy the VIN (Vehicle Identification Number) from your vehicle and bring it with you to the M.T.O. office, and they will provide you with the paperwork necessary to obtain a replacement ownership.
No, a bill of sale does not count as a title when transferring ownership of a vehicle. The title is the official document that proves ownership of the vehicle, while a bill of sale is a receipt of the transaction.
Yes, in most cases you can keep your license plate when transferring ownership of your vehicle.