We bought a car last year but used another persons name to get the car loan. Car title is currently under her name (relatives are not aware the she has a car loan) so what we want to do now is to transfer the title to us.
Should we use the usual deed of sale form even if no sale is involved between us? Or should we just sign an agreement that says we only used her name but the car really belongs to us? If signing an agreement is the way to go, can you please provide a template so I can print it and have it signed?
The person is sick and could die soon. We're afraid that relatives would take the car from us if they find out about our agreement.
Please advise what to do. Thanks in advance!
Should we use the usual deed of sale form even if no sale is involved between us? Or should we just sign an agreement that says we only used her name but the car really belongs to us? If signing an agreement is the way to go, can you please provide a template so I can print it and have it signed?
The person is sick and could die soon. We're afraid that relatives would take the car from us if they find out about our agreement.
Please advise what to do. Thanks in advance!