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No, you can't, since you have to give up your title or authorize them to put a lien against it, you can't take out a title loan if it isn't in your name.
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Can you take out a loan if you own the car and have the free and clear title and want to use the car as your collatoral?
You can you take out a loan if you own the car and have the free and clear title by going to a high-risk lender. This type of loan is called a title loan, and the lender will put his name on the title to your car until the money is repaid.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
Can a cosigner own the car if they dont pay the loan payment?
If their name is on the title, they are a co-owner with as many rights as you have. Otherwise, they do not own it at all, although they could have some legal claim in the form of a lien.
If your car is repoed do you have to pay the loan back to the bank?
If the banks car (they own it until the loan is paid off) is repossessed and is in their possession, the loan terminates and you own no additional monies. However, any and all monies you paid up to that point you forfeit - in other words, there will be no refunds to you.
What happens if you pay your car loan so it doesnt get repossessed but you dont have insurance?
Your car finance company will add their own insurance that covers their vehicle, but not your liability. ANd it will significantly increase your payments. It would be so much cheaper and better protection for you to find your own insurance. Park it until you get insurance.
Can you take out a loan if you own the car and have the free and clear title and want to use the car as your collatoral?
You can you take out a loan if you own the car and have the free and clear title by going to a high-risk lender. This type of loan is called a title loan, and the lender will put his name on the title to your car until the money is repaid.
Can a co signer take over ownership of car loan and get insurance?
A co signer is for the loan, they do not have any ownership in the car unless they are on the front of the title. If they just co signed for the loan, that lmeans they will pay for it if the owner does not. Even if they paid the entire loan, they still would not own the car. To transfer the car, they would have to either pay the loan off or get a loan in their name and you sell the car to them.
How can I take my name off a straw purchase on a car loan?
If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
Who owns what car?
AnswerI own my car and the owners of other cars own their cars. All car owners own their car unless they have a loan on their car. In that case they do not own their car outright until the loan is paid off, at which time they are the sole owner of that car.if you total your car the insurance company owns it then,but you can sometimes buy it back.
Can you rent a car if you dont have car insurance of your own?
Yes, but they will try to sell you insurance for the rental. You should take it, if offered.
Can a car lot take back a car after you signed a contract with them they say the loan was not financed?
Yes. You expect them to let you keep the car without paying for it. Go out and get you own financing.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
Can parents co-sign for a car if you are under 18?
A child under 18 cannot legally own or take out a loan to purchase a vehicle.A parent must co-sign for the loan.
Do i need car insurance if i dont own a car?
no
Can a cosigner own the car if they dont pay the loan payment?
If their name is on the title, they are a co-owner with as many rights as you have. Otherwise, they do not own it at all, although they could have some legal claim in the form of a lien.
When you own a car do the insurance company make the check out to you?
Yes, if there isn't a loan on the car.
If the buyer is not making payments on time all the time and does not have a job and also does not have a driver's license how the cosigner get him removed from the car loan?
You would have to buy the car from the other person and take a loan in your own name. Find out what car dealers don't want you to know at www.dealertricks.com
