No, in general, you cannot take out a loan in someone else’s name. Doing this is fraud. Instead, you could cosign a loan with the other person. In certain cases, you may have a power of attorney for another person and can sign legal documents for them.
How do I register a financed vehicle in Florida?
An initial registration must take place in person at a local service center at the time of titling by submitting the following; Proof of identity (required for all owners) Proof of Florida Insurance. A completed Application for Certificate of Title With/Without Registration (HSMV form 82040)
Can a car loan be in a different name than the title?
Theoretically, yes the title can differ from the loan. Most common real life example is a husband and wife in the title but only husband on the loan. Parent and child too. However, most banks will want the title to match the loan, so they may require a change.
Can someone else register my car for me in Florida?
No, a license plate cannot be given or transferred to someone else. Section 320.0609(1)(a), Florida Statutes, requires that the registration, license plate and certificate of registration shall be issued to and remain in the name of the owner of the vehicle registered.
Can I put my financed car in someone else’s name? – Related Questions
Can you insure a car not in your name in Florida?
This means that you must have a financial stake in the vehicle you insure. If the vehicle is not registered to you, you have no insurable interest in it. Therefore, you cannot insure it.
Do I need a Florida drivers license to register a car?
State Overview and Advice. In order to register a vehicle in Florida, you need a Florida driver’s license and a Florida address. Getting a Florida driver’s license is not an easy process. We recommend starting your visit in another state, or using visitor.us’ services to register a vehicle that you buy in Florida.
Can I drive my car while waiting for registration in Florida?
How long can you drive with an expired registration? In Florida, it is never okay to drive with an expired registration. Any amount of time with an expired registration is illegal and subjects you to penalties.
How long do you have to register a car in Florida after purchase?
Expect to pay these fees to a local motor vehicle service center when transferring ownership. This must be done within 30 calendar days to avoid a late transfer penalty fee.
Can you’re register a car online in Florida?
To renew a registration online, the customer must provide personal identifying information of the owner of the vehicle and/or vessel to log in and complete the transaction. If FLHSMV is unable to verify valid insurance on the vehicle or vessel, no registration will be issued.
Do both parties need to be present to transfer a title in FL?
If the title is held electronically, the seller and buyer must visit a motor vehicle service center to complete a secure title reassignment (HSMV 82994 or 82092) and disclose the odometer reading. The buyer and seller must both be present and provide photo identification.
Is it better to gift a car or sell it for $1 in Florida?
If you do have to pay taxes on your gifted vehicle, the state uses the vehicle’s fair market value to calculate the amount you have to pay. While some car owners consider selling the car for a dollar instead of gifting it, the DMV gift car process is the recommended, not to mention more legitimate, way to go.
How much does it cost in Florida to transfer a car title?
Motor Vehicle Title Fees
| Original New |
$77.25 |
| Transfer/Duplicate |
$75.25 |
| Lien Only (No transfer of ownership) |
$74.25 |
| Fast Title |
$10.00 |
| For-hire Vehicle Title |
$56.25 |
Can you change ownership of a vehicle online?
The DVLA’s online tool makes it easy to transfer ownership of your car digitally. If you don’t have internet access, you can always transfer a car’s ownership by post.
What documents do I need to change ownership of a car?
Forms to complete
- Notice of change of particulars (NCP)
- Application for registration and licensing (RLV)
- Notice of change of ownership/sale of motor vehicle (NCO)
- Notice in respect of traffic register number (ANR)
Can you insure a car you don’t own?
The answer is yes, you can take out a separate car insurance policy on someone else’s car – but make sure that you tell the insurer you’re not the owner or the registered keeper of the vehicle when you apply.