Answered on Oct 23rd, 2013 at 4:22 PM
You are the legal owner. He may have a claim for equitable title, meaning that he is the equitable owner. What this means is he could sue you to get the car back, or to pay damages if you dispose of the title. However, I cannot seeing him being successful under the circumstances. If he did not ask you to take out the loan, he would have a pretty good claim for damages if you took the vehicle he paid for. However, since he asked you to borrow money in your name, the court likely would find that even if he had equitable title, you have an equitable lien for the amount of the loan and the right to repossess the vehicle. He may be entitled to any proceeds left over after the lien is paid. If he tries to get the police involved, saying you stole his car, I do not think they would bring a case since you have legal title and his ownership interest, if any, would have to be determined in civil court. I do not think the police will get involved in assisting you.