I would highly recommend that the other person gets a loan them self and buys the motorcycle from you and you pay off your liability. I would advise against a transfer if its even possible by the creditor. It will help you liability wise and it will help your credit. You could be in for trouble doing it any other way.
Transfer Payments
Transfer Payments
Transfer Payments
About 2 weeks after you make the last payment.
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
sample letter of transfer from one person to another
cpr
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You have no right to transfer to another person until it has been transferred to you through an estate or a court order.
You would have to talk with the executor of the estate. If you can prove the payments were made by you, you should be able to work it out, but the probate court will have to okay the transfer.
If the creditor agrees, yes.