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How can I get auto insurance and the car title in my name if I am making payments on a vehicle that my friend is selling to me but is still making payments on?
123456NM
1st you will need to take yourself to the insurance office and get insurance in your name...you can tell the agent you are buying the car and have to have insurance in your name before the transfer is done. Then you take the title completed by you and your friend and the form 130u completed by you and your friend to your local tax office. Your friends name will be filled in in the box that asks for the lienholders information. This will allow you to have a title issued in your name but it will go to your friend until you pay them off. After which, they can sign to release the lien and there you go...it protects everyone.
If you have any questions please call 2815363857 or email me at tishafranks@aol.com
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∙ 14y ago
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Laws on selling a vehicle to a friend?
The same as are applied to selling it to anyone else.
Does homeowners insurance cover a garage door that was hit be a friends vehicle and his vehicle?
Your homeowners insurance will cover your garage door subject to your deductible since it is part of your house. Your Home insurance does not cover damage to a vehicle though. That's what Auto insurance is for. Your friend will need to contact his auto insurance to fix his vehicle.
Do you have to have insurance full coverage if you are not driving a car that you are still paying on?
Yes & No. You still have to have liability coverage, which is the lowest type of car insurance, if you plan on driving another person's vehicle. Because, several years ago, I drove my friend's vehicle and the brakes went out and I rear-ended another vehicle. My friend did not have insurance on his vehicle, so my license was suspended for three months for no insurance. I advised the DMV that the vehicle wasn't mine! But, they told me that it doesn't matter! I should have had liability insurance anyways, if I was planning on driving someone Else's vehicle!
If you bought a car and the title and loan are in your name but you allowed a friend to take over and now the friend has stopped making payments can you take the vehicle back?
As long as the title and loan are in your name the car is yours. Any payments missed will effect your credit. Take the vehicle back, now.
Whose insurance should pay if you get in an accident in your friend's car and damage is done to the car?
Insurance follows the vehicle, not the driver.
My friend was picked up for a DUI in my vehicle and i was in the passenger seat Will my insurance go up?
No.
If your friend takes over your payments while the car remains in your name can he get full coverage insurance and list the lien holder you make payments to?
Your name must be on the Title or Loan in order to get car insurance under your name. Otherwise this is considered Insurance Fraud. It is punishable by the law.
Whose insurance company pays if you let your friend borrow your car and they hit a deer with it?
The insurance follows the vehicle so your own insurance company would be primary. However, if you don't carry the comprehensive coverage on your own policy and your friend has a vehicle with comprehensive coverage, his coverage would be secondary and pay for the damages.
Whose insurance pays when a 16 year old totals a friend's car if she had permission and the friend was with her but neither had serious injuries?
insurance stays with the car......if collision coverage on the vehicle it would pay......
What is the legal if drives your friend car in that car is not insured and you get a ticket for driving without insurance?
If there is no insurance on the vehicle and you get a ticket for driving without insurance you are guilty of the offense and will have to pay your fine. Even though the vehicle belongs to someone else it is the responsibility of the driver to make sure there is valid auto insurance on the vehicle before driving it.
A person has a car and cannot afford it anymore and wants his friend to have car and take over the payments. However his friend lives in a different state. What state does the insurance have to bein?
Which ever state the driver lives in. But more important, the friend needs to have the car titled in his name. I sell cars, and have for 15 years. I can't tell you how many times I've seen people's credit ruined by trusting someone else to make their payments. Guess who is responsible for late payments or a repo? Not to mention the friend being in a car accident and someone gets hurt. Get your friend to get his own finance company and sell the vehicle outright.
If you had a car and sold it on to a friend can you still have the insurance certificate in your name?
Part of the re-registration process for the new owner is to show proof of being insured. If your name is on insurance card, the motor vehicle office might question this. If the friend is unable to obtain car insurance on their own, then perhaps they shouldn't be operating a motor vehicle.
