Question:
Ok, My boyfriend now fiance co-signed with me to buy a Car so I could get a better interest rate (Actually He was the principal and I was the co-signer), Anyway, I did ask for a 48 months loan but I was able to finish paying in 15 months, now I got the Title for the car but it has both names in it, my fiance wants to give up all the rights over the car since it was me the one who paid for it. Does anybody can advice on wich kind of legal procedure need to be done? Is anything else need to be pay?
Thanks a lot.
Answers:
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You can get the title transferred to your name. Since is "common property" is not considered a sale and will not require sales taxes. You will need to pay for the title application. He will need to sign off.What will happen to tvr residual value?
There you just said it co-sign you have as much rights as the other person have.Can someone trade in a car if still owe on it and unregistered?
just go down to the DMV and register it only in your name, have him sign the back as if selling it.. it should be about $15 title transfer fee .. unless of course fees went up since I last did it...More Questions & Answers ...
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