How do you transfer a title with two names?
For example, if Jr., Sr., III, or a middle name exists, the title must be signed as so. Have the co-owner sign the title the same way. If no box or designated area for a co-owner exists, he must sign next to your name. You can put the word “and” in between the names for clarity.
How do you trade in a car with two owners?
Both co-owners must sign the vehicle’s title to release ownership to a dealership when trading in a vehicle.
- The Vehicle’s Title. Both your name and your co-owner’s name are listed on your vehicle’s title.
- Title-Holding States.
- Co-Owners Who Are Out of Area.
- Other Issues.
Do you need both owners to trade in a car?
A dealership requires that you provide a signed title at the time you trade in your car. Most dealers also require that your co-owner is present for signing. Both spouses may need to sign the title to trade in the vehicle. Trading in your ride puts significant cash in your pocket.
Can you sell a car with two names?
The law does not require that, and as an additional note, I have had a title owned in such a way, and I had no problem whatsoever in titling the vehicle over to a reputable and national car chain without the second person there. If the title clearly states “or,” either owner may unilaterally sell the car.
Can a car be sold if the title says or?
If the title clearly states “or,” either owner may unilaterally sell the car. However, please be sure that there is no known objection by the other owner as to selling the car.
Can you put more than one name on a car title?
A car title serves as a record of a vehicle’s legal owner. If your name isn’t on the title, you don’t have the legal rights to register or sell the car. States allow you to put multiple names on the title if there’s more than one owner.
Is it easy to transfer a car title to someone else?
If only your name is listed as a registered owner on the title, it’s typically quick and easy to transfer ownership because you have full control of the transaction. However, you might see other names listed on the title, such as a spouse, cosigner , or a bank or lender.