Who owns the vehicle if you are primary on loan?

If you are listed as the primary borrower on a vehicle loan, it means that you are legally responsible for repaying the loan and you have the primary ownership rights to the vehicle. In most cases, the lender will hold the vehicle title until the loan is fully repaid, but you will have full possession and use of the vehicle.

However, it's important to note that even though you are the primary borrower, you may not be the sole owner of the vehicle. If there is a co-borrower on the loan, they will also have partial ownership rights to the vehicle. Additionally, if the vehicle is used as collateral for other loans or debts, the lender or creditor may have a security interest in the vehicle.

In summary, while being the primary borrower on a vehicle loan gives you primary ownership rights and responsibilities, it's essential to consider any co-borrowers or other parties who may have an interest in the vehicle's ownership. It's always a good idea to review the loan agreement and title documents carefully to fully understand your ownership rights and obligations.