Can I trade in a car that is in my parents name?
You can do one of two things to trade someone else’s car into a dealer: Bring the owner – Have the owner come with you to the dealership to sign the title over and put the value toward your next vehicle.
Owner sells the car to you – The owner can fill out a bill of sale with you and sign the title over to you..
Can I sell my mom’s car for her?
No, you cannot do this, unless you have a power of attorney for your mother. If you do not, you would need to petition the probate court to become her conservator in order to legally sell her vehicle. If your mother has a power of attorney, going to court would not be necessary.
Should I trade in my car while it still has value?
It makes the most sense to trade in your car when its value is greater than what you owe on the loan. This way, you can use that equity as a down payment toward the next vehicle you purchase.
Can I trade in a faulty car?
If the vehicle has a big problem, such as a blown engine or bad transmission, it most likely needs repairs that are more expensive than what the vehicle is worth as a trade-in. Small problems, on the other hand, are worth fixing. If your car is dirty, you should hand-wash and wax it before bringing it to the dealer.
Can I sell a car thats not in my name?
You are title jumping if you sell a vehicle without transferring the title into your name. Most states require you to transfer the title into your name within a specific time period. … Sellers who do not transfer the title into their name before selling a vehicle technically are not the legal owner of the vehicle.
Do both owners need to be present to trade in a car?
All car titles must be signed by the owners listed on the title in order to be registered with the state. … If the co-owners names are joined with “and” then both parties must be present to sell the car. Titles using “or” between the co-owners’ names either party can sell the car without the other party present.