My responsibility as title owner

droepenack · Sep 16, 2005

The name of my state is Wisconsin. My 32 year old son asked me to put my name on his car title. The company he works for gave him a loan to buy the car. He has full coverage insurance. What are my responsibilities and liabilities for having the car title in my name?

divgradcurl · Sep 16, 2005

droepenack said:
The name of my state is Wisconsin. My 32 year old son asked me to put my name on his car title. The company he works for gave him a loan to buy the car. He has full coverage insurance. What are my responsibilities and liabilities for having the car title in my name?

You could be liable in the case of an accident caused by your son. Having your name on the title increases the risk of you being liable for an accident -- what do you get out of the deal to make the risk worth it?

My responsibility as title owner

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droepenack

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divgradcurl

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