<prompt> Human: So heres my situation, I would like to buy a used car roughly around 15,000-16,000 with a downpayment of 5,000. Im only 20 years old and my credit score is at 730. I personally, can pay off the car payments but not including the insurance since itll be expensive as a young driver. My question is, can I buy the car and have the loan under my name but have the car ownership under my parents so I wont be paying for insurance and the car will be under their insurance policy? My parents cant buy the car under their name since my credit score is higher than theirs and the interest rate will be higher. Or is it possible to switch ownership the moment I buy the car?  <response>: No, because you would need to legally transfer title. You wont be able to transfer title while its encumbered with the note, which would likely trigger a default and screw you in all sorts of ways anyway. You could maybe ask your parents to borrow the money and have you co-sign to get the loan rate down although I cant imagine it will help that much since you are 20. They would be the purchaserborrower in this case and you would co-signbe the guarantor. 