Whatever name is on the title has legal authority/power over the car. So unless you're planning a divorce soon or anything along those line then it doesn't matter! Most states do what's called an ``and/or'' title that allows both to be on it and both to have legal power over the vehicle.
Response: Individual is better. You do not have to deal with another person regarding the ownership of the automobile. You make ALL decisions regarding the auto. You do not need the consent of another person to make the decisions. If you have good credit, there is no reason to have a joint borrower.
This document outlines the terms and conditions for borrowing a vehicle. It covers responsibilities, insurance requirements, and vehicle return procedures. Ideal for borrowers and dealers to ensure clarity in vehicle lending.
Overview complete and sign the transfer ownership section of the title certificate, and. sign a Vehicle Bill of Sale (PDF) (MV-912) (even if it is a gift) or. provide other acceptable proofs of ownership and transfer of ownership.
Under Philippine law, the co-ownership of property, including motor vehicles, is governed by both statutory and regulatory guidelines.
How to write a letter of agreement Title the document. Add the title at the top of the document. List your personal information. Include the date. Add the recipient's personal information. Address the recipient. Write an introduction paragraph. Write your body. Conclude the letter.