I'm buying a new car. There is a $500 college rebate available but to claim it, I would have to have my daughter's name on the car title. She is 22 and will most likely use the car the most part to get to school and her job. Is there a liability issue if I add her name to the title and registration or should I forego the rebate and just leave the title in my name only?
Since she will be driving the vehicle, she will have liability as the driver and you will as at least a part owner of the vehicle [up to $15,000]. If she is not put on title then there might be a problem with her having any insurance coverage.
You have the liability issue if she will be driving the car, as well as for anyone else driving the car. The liability goes with the use of the car, so it is irrelevant whether or not she is on title.
If your daughter is going to be the sole driver, by all means add her name to the title to qualify for the rebate. If your name is on the title, as well, bear in mind that you have responsibility as an owner of the car if she causes an accident.
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