07-30-2009, 05:08 PM
Go to cars.gov and dowload the Rule pdf here:
http://www.cars.gov/files/TheRule.pdf
It has all the details, but not in convenient FAQ form. You'll have to read it for yourself.
Here's what I found there:
So, as long as her name is on the new car, it's not a problem if your name appears, too.
This is not a CARS issue, but make sure both you and your wife are named in the financing application; I did not do that, and the finance company would not allow me to put my wife's name on the registration. I could change it later, but not during the purchase transaction.
http://www.cars.gov/files/TheRule.pdf
It has all the details, but not in convenient FAQ form. You'll have to read it for yourself.
Here's what I found there:
(iii) Registration
The requirement that the trade-in vehicle be registered to the same owner for a
continuous period of one year prior to the transaction requires clarification. The agency
interprets this provision as requiring the trade-in vehicle to be registered to and owned by
the person purchasing or leasing the new vehicle under the program. In a transaction
involving more than one person, the trade-in vehicle must have been registered to and
owned by at least one of the persons purchasing or leasing the vehicle under the program.
So, as long as her name is on the new car, it's not a problem if your name appears, too.
This is not a CARS issue, but make sure both you and your wife are named in the financing application; I did not do that, and the finance company would not allow me to put my wife's name on the registration. I could change it later, but not during the purchase transaction.