Do I own my vehicle? What percentage of it do I own?

Owning a vehicle is an important decision, as it requires a significant financial investment. Vehicle ownership brings freedom of transportation and can be an enjoyable experience. However, many people ask the question: do I own my vehicle? What percentage of it do I own?

The answer to this question depends on the type of purchase made. When purchasing a new car from a dealership, for example, the buyer owns 100 percent of the vehicle. The dealer holds only a lien on the vehicle until all payments are made in full. If purchasing from a private party or through financing, however, buyers may not own their vehicles until all payments are made in full and any liens on the title have been removed.

If leasing or renting a car instead of buying one outright, then ownership will depend on terms specified by the agreement between parties involved in the transaction.

The Law Offices of Omar Zambrano has helped thousands of them people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706