What is the procedure to add a name to a vehicle title in PA? Are there any concerns to be considered?

Question:
A partner and I are starting a business and are going to use his vehicle. We thought that maybe my name should be added to the title since we are considering using a joint insurance policy for it as well as other assorted items in our venture. Can my name be added to the title and he/we be able to retain the current loan satisfaction for said vehicle. ie...loan in his name and vehicle is the collateral.

Answers:

What happens if you can't pay for your car after it's been repo'd?

Just a ballpark guess, but I think it may be wiser to register and insure the car in the name of the business enterprise. That would protect you from any "surprises" .

---

Im 19 and nxt month i will have2years no claims bonus, wat is the best and fastest car i could get insured on?

The lienholder will have to agree to put you on the title, you would also become liable for the loan if your partner bails out. Your partner would basically be refinancing the car, to add your name.

---

More Questions & Answers ...

How should I handle a car accident?

Afters someone under 18 has a license can a parent remove driving priceledges, legally?

Norwich union car insurance advert tune?

Can i lose my license in Ga for speeding, or reckless driving if i am over 21?

What happens when you die in middle of a car loan? who pays.?

Expired driving licence?

Automobile claim?

Do I need insurance if Im not going to own a car?

If your license expires, do you have to retake your driving test?

Car Accident Insurance Coverage Question?

This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.