Buying and Selling A Used Car

[pbouvier]

 

I am buying a used car for a friend.  I wish to keep the blue book until my friend pays for the car in full.

We (the seller, me, and my friend) shall go the DMV for me to buy the used car from the seller.  I think I understand that part.

I will then sell the car to my friend, a bill of sale recording the transaction.

 

But here's my question:

Is it possible for my friend to register the car in his name but I keep the blue book (which will list me as the owner)?   

 

 

 

Edited March 24, 2017 by pbouvier
typo

[johng]

18 minutes ago, pbouvier said:

Is it possible for my friend to register the car in his name but I keep the blue book (which will list me as the owner)?  

no  the registered owner is listed in the blue book  if your friends name is in the blue book then he owns the car

so until he pays for it in full  keep it registered to you  and you keep the original blue book

( give friend a copy of blue book to keep in the car )

...when its paid for then go again to the DLT and change names to your friend and he then gets to keep the  blue book.

Edited March 24, 2017 by johng