Best way to do this is to talk to the place that holds the note on the car. They will usually work out something. If someone has power of attorney it would help out. They could just simply do a take over payments on the books.
The best place to go for advice about someone taking over car payments is the local bank. They will be able to offer advice about what to do if someone is no longer able to pay their car payments.
jessica BOC3 is ruling and has taken over...
You can have someone take over the payments if they meet the credit requirements of the bank you have the financing with. You might also be able to get someone that wants your car to get their own financing to pay off your car.
Well, a vehicle can be repossessed with no notification, so there's not much you can do about that. If the payments were taken over by family members, it's assumed the first family member was aware someone else would be paying for the truck and so is still responsible to see that the payments are made.
Contact the lender and get their approval.
Yes
You and the person wanting to take over the payments, go in a sit down with the lender who holds the note, and talk about it. The lender must agree to this for it to happen.
Let someone else take over the payments.
no
Yes, but it has to be with the agreement of the lender.
For someone to take over the payments they must essentially get a new loan for the payoff amount in their name. This new loan will pay off your loan and will make thir payoff amount higher than yours.
if your on the title be prepared to take over the payments.