My new car

My boyfriend and I just bought a used car. He took out a loan from his bank to pay for the car but the car is in my name and the insurance is in my name. Now he wants to take the car, he feels like it is his because he paid for it, not to mention that he has no license or permit. What am I to do?

[AHA]

Offer to pay him for the car.

[Hisbabygirl77]

Was the car a gift? Its in your name you dont have to give it to him. But he could take you to court and try and sue to be reimbursed.

[LdiJ]

Originally Posted by ladynitty

My boyfriend and I just bought a used car. He took out a loan from his bank to pay for the car but the car is in my name and the insurance is in my name. Now he wants to take the car, he feels like it is his because he paid for it, not to mention that he has no license or permit. What am I to do?

Ok, did you split up and he wants the car? Or are you still together and he wants to DRIVE the car?

In either case don't give it to him. Its far too dangerous to you. However if you split up it would only be right to pay him back for the car.

[I AM ALWAYS LIABLE]

Originally Posted by ladynitty

My boyfriend and I just bought a used car. He took out a loan from his bank to pay for the car but the car is in my name and the insurance is in my name. Now he wants to take the car, he feels like it is his because he paid for it, not to mention that he has no license or permit. What am I to do?

My response:

Did this happen in Canada?

IAAL

I live in Pennsylvania. I guess I forgot to tell you that I offered to give him the car, I only wanted the car until January which is when I will be financially ready to pay him for the car or buy another used car and sell him that one for a $1. Yes we are splitting up and he wants to take the car with him back to NY. I only wanted the car because where I live it is very limited mass transportation and I have children.

[newlywed03]

Who's been making the payments? If he was able to get the loan in his name, why isn't the car in his name? If he can prove that he alone was making the payments, then you might have to give him the car. If the payments were coming from a joint account, it might put you in a better standing. However, in the end it might be easier to just try to buy him out now, or transfer into his name and cancel the insurance.

Please Do NOT let him take the car without transfering it into his name and cancelling the insurance. It's just setting yourself up for disaster if he gets into an accident!

He took out a cash loan and they are taking payments out of his check. It is not in his name because he doesn't have a driver's license let alone a permit.

[LdiJ]

Originally Posted by ladynitty

He took out a cash loan and they are taking payments out of his check. It is not in his name because he doesn't have a driver's license let alone a permit.

Then you absolutely, positively cannot let him take the car. He won't be able to register it in his own name. He would leave your name on it and that would make you legally liable for anything that happens. DO NOT do it.