No. Only the true owner can legally register a vehicle. (Legally. Used lightly )
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
If there is a co-signer on a loan for a car, the person who is making the regular payments is usually the owner of the car. Unless, the car is registered to the co-signer, the person making the payments owns the vehicle.
Yes here the car insurance firm can refuse your insurance claim as the car is registered in your friends name and not yours.
Co-borrowers would both have to agree to sell and sign the paperwork to sell a car you are making payments on. This could not legally be done by one person.
It should have a good effect if its on time.
No. Not unless her name is also on the title. The persons named on the title have equal ownership of the vehicle.
Yes, you can purchase your own car insurance. However, you must add your mother (the co-signor) as an additional insurance but non-operator. There is no additional premium for her. She is added on so she is protected an additional registered owner.
Secured debts are not dischargeable in bankruptcy. As a co-borrower or co-signer you are equally responsible for the debt even though you do not reside in a CP state.
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no!