PRIVATELY-OWNED VEHICLE REGISTRATION 1 SSN: 2 NAME : 2025

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Credit Benefits: If one partner has a better credit score, it may benefit the financing terms of the car loan if both names are on the title. Protection in Case of Separation: If the couple separates or divorces, having both names on the title can provide a clearer legal standing regarding the division of assets.
Generally speaking it is almost always better to have a car jointly titled. This way the vehicle is protected from execution on a debt owed by just one spouse in most states, because it is marital property.
If that car title is in both names, it means they can sue both a husband and wife. For that reason, sometimes a husband will take the car that he drives mostly and put it in his name only, and the wife will take the car that she drives mostly and put it in her name only.
Complete the Motor Vehicle Vehicle Transfer Notification Form VTR-346. The form can be printed and mailed or filed electronically. Visit the Texas Department of Motor Vehicles website to learn more and to access the form.
0:00 1:14 If youre considering purchasing a property with two titles. Its important to do your due diligenceMoreIf youre considering purchasing a property with two titles. Its important to do your due diligence. And understand the implications of each title.
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In the case of co-owning, both the owner and co-owner have their names on the title. Even with the co-owner, the primary borrower is still the owner of the vehicle. This arrangement is safer for the co-owner since their names are in the title.
Risks of co-owning a car Higher insurance costs: Even if the co-owner doesnt use the car, they will likely need to be on the insurance policy. This can mean higher costs for both parties. Ownership disputes: If the relationship ends, it may take a court to decide who gets the vehicle when both people have ownership.
Get consent When the title states and/or or or in the name field, only one person needs to consent to remove a name. If it only contains the word and, both parties need to agree to remove any name from the title. Therefore, youll need to get consent from the co owner.

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