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1512 Technology Drive Ste 101, Chesapeake, VA 23320

Wisdom & Authority Title Solutions

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Multiple Owners on a Vehicle Title

Posted on September 29, 2012 at 10:33 AM







In this post, I will talk about  multiple owners on a vehicle title.  With that being said, emphasis will be placed on two types of scenarios; multiple owners on a vehicle title (in the case of joint ownership) and multiple owners on a vehicle title (in the case of title skipping or title flipping).  


Multiple Owners on a Vehicle Title (Joint Ownership)

Let me start off by saying that almost everyone whose had a vehicle titled in their name before, is familiar with the ability to get a vehicle titled in 2 names.  In addition to this, it is also true that a vehicle can be titled with more names (usually up to 5 total- depending on the state).  

Important Points Regarding Joint Ownership:


  • All owners on the title have equal ownership regardless of their position (1st, 2nd, etc.)
  • All owners have the right to add "rights of survivor-ship", (in the event of death, the rights will be automatically transferred to the other surviving parties)
  • In the event the parties wish to sell the vehicle, all parties on the title must sign as the sellers
  • In the event one party wants the other party or parties off of the title (the individual or individuals who are asked to be removed, must consent to being removed-by signing the title over to the other remaining party or parties.  Note: if the person who is being asked to be removed, has no desire to do so, then the situation becomes a civil matter and must be taken to court, because all parties on the title have equal ownership.


Multiple Owners on a Vehicle Title (Title Skipping)

Multiple owners on a title in the case of title skipping is not good and to be frank, it's illegal!  For those who are familiar with my previous posts on title skipping you are familiar with what this situation is.  If you aren't, I will give you a brief description of multiple owners on a title in regards to title skipping.  An example like this might be when you purchase a vehicle from someone and they give you a title.  On the title, you will see that a seller and buyer signed in one section, a seller and buyer signed in another section, and so on.  Unfortunately, the title was never transferred (as it should have been).


Important Points Regarding Title Skipping:


  • The last buyer who is presented with the title, usually has the challenge of getting the vehicle title because they aren't the "actual owner"
  • It's illegal to transfer titles (with multiple owners on the reassignments), unless you are a licensed dealer
  • DMV reject title skipping issues, and sometimes depending on the severity of the matter it can result in a civil (court) dispute between the parties involved.

Wisdom & Authority Title Solutions is available to assist you with your vehicle title needs.  If you need to title a vehicle with joint owners or if you are involved in a title skipping situation, you owe it to yourself to get professional vehicle title help today.  





Categories: Multiple Owners on a Vehicle Title

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9 Comments

Reply Evelyn N.
1:02 AM on March 6, 2013 
Hi

My husband was involved in a not too serious incident with a bicycle (the cylist was not hit, but the wheel was dented). We are both on the registration (as "and"). We have very good insurance, but I am wondering, if they decide to sue for more than our insurance, are my assets in my name vulnerable? guess it would help to remove my name now as I suspect that the ownership is as it was at the time of the incident?
Reply Shanel White
10:41 AM on March 6, 2013 
Evelyn N. says...
Hi

My husband was involved in a not too serious incident with a bicycle (the cylist was not hit, but the wheel was dented). We are both on the registration (as "and"). We have very good insurance, but I am wondering, if they decide to sue for more than our insurance, are my assets in my name vulnerable? guess it would help to remove my name now as I suspect that the ownership is as it was at the time of the incident?

Hi Evelyn,

I can't elaborate on the asset factor, however, whoever the name the insurance policy is in (whether one person or both), will be responsible for covering any damages, should an obligation to do so occur. Changing your title ownership may not make a difference (let's say if the insurance policy is in your husband's name only, while the title is in both names).
Reply Basden
10:42 AM on March 16, 2013 
Discussion on 'vehicle title' is very useful to me! I haven't read such informative writing on vehicle title so I'm pleased to read the discussion. Thanks a lot and I'm waiting for more exclusive contents as it is.
Reply Dingo Hire
9:21 AM on May 8, 2013 
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post.
Reply vneal
5:30 AM on March 11, 2018 
If two people are on a vehicle title as and/or and each one has a car and the cars are not paid off yet, can one of the parties legally take the car from the other.
Reply tom hess
11:18 PM on April 4, 2018 
I had a boat stored in a friends garage with his permission. he died. his wife and grown son both live there and know that it is my boat. the wife then dies. the son does not tell me that he is going to move. he has a niece that lives right next door to him. the niece gives my boat away to a friend of hers. somehow he gets a title for the boat. I have my original title in hand. my BMV now tells me that because he got a title from them that my title is no good. HOW CAN THAT BE.
Reply elitewritings
2:47 PM on April 18, 2018 
It's pretty tough to share a vehicle with multiple owners. I know that for sure. You should avoid that.
Reply Sheri
1:17 AM on April 23, 2018 
I signed on a car loan as co-owner but after the other party skipping out of the payments after only making two of the payments I fullfilled the remainder of the loan. I just received the title in the mail and it has both our names on it but there isn't an "and" or "or" between our names. I have no idea how to contact the other person, what can I do to have my name soley on the title?
Reply Kayla
2:50 AM on May 4, 2018 
There are 2 of us on the title and i am the main owner on the title. The co owner refuses to give me the keys when i demand them. How would i go about taking them to court?
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