Why does my father need to keep the car in his name if I'm paying for the insurance when I buy it from him

When purchasing a car from a family member, it is important to ensure that the car is properly registered and insured. In most states, it is legal to register and insure a car under different names, but it is important to check with the specific state's laws to ensure compliance. If the car is being financed, the lender may require that the person who financed the car is the one who holds insurance on the vehicle. This is because the lender has an insurable interest in the car and wants to ensure that it is protected in the event of an accident. If the car is not being financed, the owner of the car may choose to keep the car in their name for various reasons, such as to maintain control over the car or to protect their credit score. In any case, it is important to ensure that the car is properly insured and that all parties involved are aware of their rights and responsibilities.

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