Is the car owned by the person whose name is on the vehicle license?
2 Answers
The car belongs to the person whose name is on the vehicle license. Below is relevant information about the vehicle license: Composition The vehicle license consists of three parts: the license holder, the main page, and the supplementary page. The front of the main page contains the stamped core, while the back features a photo of the vehicle, sealed in plastic. The supplementary page also contains the stamped core. Function Possessing the 'Motor Vehicle License' is one of the prerequisites for a vehicle to be driven on the road. Driving without the license is a violation. The 'Owner's Name' field on the 'Motor Vehicle License' is not just about the name; the registered owner on the license is the legally recognized owner of the vehicle, with the right to legally use and dispose of the property. In case of traffic accidents or economic disputes, the registered owner is also the legally responsible party.
The name on the vehicle license is usually the legal owner registered for the vehicle, and this person is considered the owner in the eyes of the law. However, I would point out that this does not equate to absolute ownership. For example, if the car has a loan, the bank holds a mortgage on the vehicle. Even if your name is on the license, the bank still has the right to repossess the car if you default on the loan. The same applies when transferring ownership, such as in used car sales—until the name is officially changed, the car isn't fully the new owner's. There are also shared ownership scenarios, like vehicles jointly owned by spouses, where the license might list only one name, but both parties have rights. To ensure safety, it's advisable to check the loan status and sign a written contract when purchasing a car to avoid disputes. The license plate is tied to the owner, and in case of accidents, liability falls on the person named on the vehicle license.
