Selling vehicle with two owner names on the title

[chassis]

Selling a vehicle with two owner names on the clean title, no liens. What is best practice for speedy transaction?

Can owner 1 sign in advance, followed by owner 2 taking the vehicle and title to a dealer to close a deal? This avoids the necessity of seller 1 being present at the close.

Aren't vehicle transactions a headache?

Thanks!

[chassis]

Closed the deal with both sellers at the table. The old fashioned way.

[Marcoose]

It depends if the title says AND or OR.

[Higgs Boson]

any dealer or person that is interested in protecting themselves from owning a stolen car (meaning one that doesn't have both parties' consent to sell, which happens more than you might think) will want both sellers present during the transaction to verify identity and signatures.

the real problem here is having someone else's name on your title. ;-)

[BMWCCA1]

It's up to the dealership what they'll accept. They may need to have an employee witness all signatures, they may want a notary to verify anyone who can't make it in, or they may not care.

[x622]

Originally Posted by Marcoose

It depends if the title says AND or OR.

Correct. If it says AND you need both, if it says OR just one of them.

One option is to have them both sign individual power of attorneys so you can do whatever you want. Not sure about what state you're in, but you can find them typically from your states' DMV website.

[tturedraider]

Originally Posted by BMWCCA1

It's up to the dealership what they'll accept. They may need to have an employee witness all signatures, they may want a notary to verify anyone who can't make it in, or they may not care.

^ this. If the dealership trusts you the other party doesn’t have to be present. It is not a requirement.

If needed, you can get the second party to execute a “limited power of attorney to sell a motor vehicle” giving you the authority to do the transaction.

Originally Posted by Marcoose

It depends if the title says AND or OR.

Originally Posted by x622

Correct. If it says AND you need both, if it says OR just one of them.

Titles that list two owners rarely (if ever) have an “or”. The point of two names on the title is that they own the car jointly.

[chassis]

Originally Posted by mnddd

You can do it old fashioned way

Is there more?

[Marcoose]

Originally Posted by tturedraider

Titles that list two owners rarely (if ever) have an “or”. The point of two names on the title is that they own the car jointly.

Not true. Since I’ve got married, all our vehicles, including the ones wifey doesn’t even know how to drive, have OR on their titles. Reason being, it’s the good old ‘joint tenants with rights of survivorship’. If anything happens to me wifey doesn’t have to transfer the vehicles to her name only in order to transact on them. There are automatically hers. Same with banking, savings and investment accounts. Mortgages (and loans) are different, but we no longer have one.

Sorry to bust your balls, but it’s important to stop the misinformation.

[tturedraider]

Originally Posted by tturedraider

Titles that list two owners rarely (if ever) have an “or”. The point of two names on the title is that they own the car jointly.

Originally Posted by Marcoose

Not true. Since I’ve got married, all our vehicles, including the ones wifey doesn’t even know how to drive, have OR on their titles. Reason being, it’s the good old ‘joint tenants with rights of survivorship’. If anything happens to me wifey doesn’t have to transfer the vehicles to her name only in order to transact on them. There are automatically hers. Same with banking, savings and investment accounts. Mortgages (and loans) are different, but we no longer have one.

Sorry to bust your balls, but it’s important to stop the misinformation.

So, your contention is that “rarely” is incorrect and it is, in fact, common “or” is on titles that list two owners? “Rarely” and “never” are not the same thing.

[Marcoose]

‘OR’ is very common. And if stated, only one owner needs to sign.

[tturedraider]

Originally Posted by Marcoose

‘OR’ is very common. And if stated, only one owner needs to sign.

I guess it varies by state. In Texas it is not common. Texas titles also don’t say “and”. They just list both names. I’m just about to do it on a title in Illinois. I’ll report back on how they do it.

[OkieSnuffBox]

Originally Posted by tturedraider

I guess it varies by state. In Texas it is not common. Texas titles also don’t say “and”. They just list both names. I’m just about to do it on a title in Illinois. I’ll report back on how they do it.

My ex-wife and I had both of cars listed as "or" on the titles. I won't claim to know if it's common, just that it's an option.

[Marcoose]

Originally Posted by tturedraider

I guess it varies by state. In Texas it is not common. Texas titles also don’t say “and”. They just list both names. I’m just about to do it on a title in Illinois. I’ll report back on how they do it.

There's an old IL title next to the keyboard as I type this. There's neither OR or AND. Just the two names in different lines. I cannot remember if it was an option back then. When we moved to and registered our vehicles in CA, they all have OR. At the risk of sounding morbid, it's easier on the surviving spouse. If there's an OR, only one owner signature is required to transact on the vehicle. Personally, if not specified, I'd get both owners' signatures.