Can A Car Have Two Owners?

Life is getting harder and more expensive, and we are always looking for ways to save a little money. Something that some have done has been to buy a car by halves. Of course, the problem lies, in whose name to put it? Can a car have two owners?

What does the DGT say about whether a car can have two owners?

Of course, it is useless for us to speculate whether or not a car can be bought by halves and that it has two owners, or more, if we do not know what the laws stipulate, which in the end is what matters to us.

Well, the DGT does not allow a car to be in the name of two people. There must be a legal representative who will be the one who appears in the registration, in the driving license and in the car ownership papers.

Of course, the problem is that if there can only be one, can we trust to buy a half car? Why deny it, no matter how much we believe or trust a person, so many things have been seen, even children who leave their parents on the street, that we know that deep down we cannot trust anyone.

Can anything be done then? Yes, even if you have to choose who of the two will be the one that reflects on the vehicle’s papers, the other person can be covered. This is done through a private contract that is advised to be signed before a notary public, which, although it will be an added cost, will offer you the guarantees of being covered.

This contract will be valid for the DGT in case the other person wants to make a transaction without your consent, such as selling or renting it. But this contract will not allow the person listed in it to do any administrative paperwork either. Thus, in the event that one had to be done, both parties must give their consent, and it will always be the one who appears as the owner who carries it out.

How to make this contract

The contract must confirm that the car is owned by both, or more, people and indicate the identity documents of each, as well as the documentation of the car and the conditions and specifications of the purchase of this vehicle.

The date and place in which the agreement is signed, should be another addition in this document, and experts recommend that evidence be provided that there has been an economic participation in the purchase of the vehicle by both parties.

What to consider before buying a car

If the car you are going to buy is second-hand, which is most likely, and you will be the one who appears as the owner of the vehicle, you must take into account several factors such as:

• Make sure you are out of debt. There are not a few who leave taxes unpaid or have even fled after an accident.
• Embargoes. The repossessed cars can be transferred, but the repossession remains on top of it. If you want to risk it, you will have to sign a paper in the DGT in which you ensure that you are aware of the subject.

To make sure of these things, and rest assured that everything with the car is in order, it is recommended that you request an informative note about the car at the DGT offices. To obtain it, you will only need the license plate of the car and pay an administrative fee of eight euros.

Then you should think about insurance, since many companies that offer cheap insurance only cover one driver, which implies that you cannot both drive the car, or that if you do and something happens, the one who is not the policyholder it will not be covered. Pay a little more for the insurance and make sure you are within the legalities.

You already know that a car cannot be in the name of two people, but that a legal contract signed by a notary will do all the effects so that both of you are protected by law.