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It is possible for your daughter to assume responsibility for your car loan, but only with the agreement of the bank that issued the loan; you can discuss this with the bank.

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Q: Can you change the name on your car loan so that my daughter can take it over?
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Related questions

Can you change the name of the title on car without having the loan paid off?

Most likely you would have to officially take over the loan.


Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?

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Can a husband let the wife take over the loan of a house without her having rights to own the house?

If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.


How do you change the name on a loan after the person who quit-claimed the property over to you dies?

You may have a problem. Most mortgages have a 'due on transfer' clause. That means if the property is transferred to a new owner the full balance of the loan must be paid to the lender. You have no power to change the name of the mortgage. Furthermore the bank didn't approve you for the loan. You may need to initiate a new loan process and refinance the property in your own name. Perhaps you should consult with an attorney before you take any action.


Can a co-signer take over car payments without the need to 'sell' the car?

If his name is already on the title, you can't sell him something he already owns. You should be able to have your name removed from the title if you want, and the bank may be willing to change the loan to your fathers name as primary borrower and remove you from the loan.


What is the best advice on investing in fixed loan rates?

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Can you deed your home over and keep your name on the loan?

You need to notify the lender of any changes in ownership. They will then call in the loan.


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A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.


How can i sell a car to someone and have them take over my current payments?

they h ave to get a loan to pay off your loan and free up the title and then it will be in their name.


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If you have paid an auto loan that's in another person's name for over one year is the lender legally obligated to transfer the loan to your name if you request it?

The lender is only attempting to protect his interest. If you have not established credit to the point that the lender can feel that the loan is secure he will probably not be willing to transfer the loan.