YES! Do not release the title of the vehicle until it is COMPLETELY paid off. Once they hold the title, they can stop paying and there is nothing you can do... legally.
Not unless that other person is there with you.
If you wish to.
Only the driver. When there are 2 names on the title, it's usually because someone helped cosign.
When you purchase a car you should get the history of the car, as well as the title. If it is possible, you should try to get a warranty.
When you sell your junk car for cash, you should sign over the Title (or pink slip) to the business to which you sell the car. That releases you from liability.
no,you should have title.
nothing you can do without a title in your name
Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.
You can if you listed yourself as the lien holder of the car at the time you transferred the title to the person making payments. If you did not do this at the time you transferred them the title, you can not legally do anything.
Yes..... I did
I would insure any car that I was driving or making payments on. If you are on the title then you are an owner.
About 2 weeks after you make the last payment.
Then ask him? If he transferred the truck title to someone else, it's no longer his title. If he's still making payments on the truck, then it's the financier who holds the title. If he put the truck up as collateral for something, then they're the ones with the title.
When someone co-signs, they are basically just agreeing to making the payments when the signer can not. * Any legal rights that a cosigner or a co-buyer(borrower) have depend upon whether or not their name is on the title to the vehicle.
If you possess the title, then you own it. If you've been making the payments, you should know whether or not you've defaulted on them. If you haven't finished making the payments, the financier owns that vehicle.
No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.
Possibly. Contact an attorney for a definite answer.