i am financing a car which is registered and insured can it be transferred to son?
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Asked April 24, 2017
To transfer the title of a vehicle to anyone else, family members included, should be relatively simple. Go to your local government office and state your request. They will ask you to sign the back of the title. Your son should then take the document to the Department of Motor Vehicles (The name of the department varies by state.) and apply for a new title. If you pay the fees and provide proof of insurance, the ownership of the car will be transferred. If your son is helping to pay for the car, you should ask to be listed as a lienholder, which means that your insurance company will notify you of any changes in policy.
Most states require insurance for car owners, so your son must acquire insurance before the title can be processed. This requires a valid driver’s license. If he lives with you, add his name as driver-owner of the vehicle to your policy. If he does not, he must apply for a separate policy.
Answered April 25, 2017 by key2616