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Can primary owner refinance a car loan without consent from co owner?
A primary owner cannot refinance a car loan without consent from the co-owner. Both parties must agree to the action.
Can a primary signer on a car loan be a co owner on the refinance of that loan - My father is currently the primary and I am the co owner and I am making the payments and want a lower rate?
I don't see why not as long as the loan is in good standing, but you can never tell these days.
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 a co signer sue the car owner?
Generally, yes, assuming that the "car owner" is the person who took out the loan that was co-signed AND that the owner defaulted on the loan and the co-signer was forced to pay the balance of the loan. Typically, the main borrower, i. e. the car owner, is primarily liable for the loan while a co-signer is only secondarily liable. This means that the co-signer has no obligation to make payments unless the primary borrower defaults. In most contracts involving co-signers, the contract will have a provision that if the co-signer has to pay on behalf of the primary borrower, then the primary borrower must indemnify the co-signer. If the primary borrower refuses to pay the co-signer, the co-signer can sue the car owner to recover what he paid for the car owner.
Are you liable for a car loan if the owner files bankruptcy and the car was charged off?
That depends on what you're asking. Who filed bankruptcy? The owner of the car or the owner (holder) of the car loan? Did you co-sign on the loan? If you co-signed on the loan and the other signer files for bankruptcy, yes you are liable for the loan. If the owner (holder) of the car loan files for bankruptcy, you are still liable to the owner's creditors (and you need to find out who they are so you can get the lien released).
If car is paid in full does the primary owner need co-owner to sell car?
If the other owner is on the title then they are needed. If the other individual was just a cosigner on the loan then they are not needed to sell the vehichle. This information should be on the back of the vehichle's title.
Can a co-owner sell a car without the primary owner?
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
Can a primary owner sell the car without co owner?
No, a co-owner cannot sell a car without the primary owner. Both people have to be present for the sale of this car to go through.
Can you transfer a car loan to your name if you put all the money down on it?
No. The easiest thing to do would be to buy the car from the existing owner and get a new loan. Find out what car dealers don't want you to know at www.dealertricks.com
Can co signing for a car loan affect financial aid?
Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.Yes. It may affect financial aid because it will be considered a loan that you're responsible for. You should know that if the primary borrower defaults on the car loan you will be have to pay the remaining balance. You should make certain that you can afford to pay for the car if you agree to co-sign the loan.
Can you register and insure a car if you are not on the loan?
If you're an owner, it doesn't matter if you're not on the loan.
Is it legal for a co-owner to take the car from the primary owner if car is not paid for in full?
If you are the only person making payments on a car and you are the primary owner. If the co-signer takes the car and will not give you the car back is there any way to get the car back in your possesion?
