I'm a buyer on a car loan, but not on the title in NY. Can I sell the car? Asked by tarabluii 5 months ago Similar Questions: buyer car loan title NY sell Recent Questions About: buyer car loan title NY sell Business > Financial Planning.
Similar Questions: buyer car loan title NY sell Recent Questions About: buyer car loan title NY sell.
No, you can not sell the car with out the title. You need to sign the title over to the new buyer. Without the title, you can't complete the transaction nor can the Motor Vehicle Administration register the car in the new buyers name.
More details...My husband tricked me into being the buyer by asking me to co-sign which I agreed to. After I signed the contract I saw I was the buyer. I didn't speak to him for a month and have told him I am contemplating divorcing him over this issue.
I saw the title when it came in the mail and I am clearly not on the title. I am on the car note, but not on the title. My question is how can this be?
And is this legal? Tarabluii 5 months ago .
Yes it is legal. It is possible to be on the financing but not on the title. Usually, if the financing is through the dealer, the dealer usually asks if you want the ownership in both names.
You husband must have answered, no, just his name. But, you can have your name added to the title. If you can find the title, go to the motor vehicle administration and ask for a form to have both names on the title.
You will have to sign the form and so will your husband, but if he won't sign, then you will know exactly where you stand.
The one who holds the title can sell the car, whether or not his money bought it.
Thank you. The more I research this the more miserable I am getting. I wish I would have researched before I signed instead of just trusting.
Thanks again tarabluii 5 months ago .
No - the title is what the state looks at - not the loan.
" "if my car is stolen and my title is in it can someone sell it" "my ex boyfriend took my car and says he has all the rights to it cause he cosigned a title loan, the title is in my name" "CO WANTS TO TRADE CAR IN WITH OUT BUYER SIGNING OFF ON TITLE CAN HE DO THAT" "How can I get a car title loan when my husband's name is also on the title. He won't sign it. How can I proceed?
" "If you sell a product, and instead of paying you directly, the buyer repays your loan for you, is it taxable?
If my car is stolen and my title is in it can someone sell it.
My ex boyfriend took my car and says he has all the rights to it cause he cosigned a title loan, the title is in my name.
Co wants to trade car in with out buyer signing off on title can he do that.
How can I get a car title loan when my husband's name is also on the title. He won't sign it. How can I proceed?
Thank you. The more I research this the more miserable I am getting. I wish I would have researched before I signed instead of just trusting.
Thanks again tarabluii 46 months ago.
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