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The loan would have to be paid off. Finance companies don't let signers off the hook for anything less than fraud or death. If there is a second signer you can enourage them to refinance to pay off the original loan and get a new loan for the vehicle in their own name, or to trade in for another vehicle that they alone sign for. If either of those isn't an option and there is no fraud and hopefully no one dies - all signers are in for the long haul.
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∙ 13y ago
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How do you remove your name from a joint auto loan?
The car loan will have to be paid off in order to remove your name. The other signer will have to get a new loan in her/his name only.
If you cosigned for a car loan how can you get out of the loan?
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
Can you take your name off a car loan if you get divorced?
Only the lender can remove your name from a loan. This matter must be addressed in the separation agreement. The person who is keeping the car must refinance it in their sole name and pay off the prior loan.
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
How do you remove your name from a joint auto loan?
The car loan will have to be paid off in order to remove your name. The other signer will have to get a new loan in her/his name only.
Will refinancing a car loan under the primary borrower's name remove the cosigner from the loan obligation?
Yes.
If you cosigned for a car loan how can you get out of the loan?
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
Can you take your name off a car loan if you get divorced?
Only the lender can remove your name from a loan. This matter must be addressed in the separation agreement. The person who is keeping the car must refinance it in their sole name and pay off the prior loan.
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
How can you remove your name in a car loan?
Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.
How do you remove husband name from vehicle when he is the co-signer?
Contact the local department of motor vehicles. The fact that he is a signatory to the car loan is not relevant to the registration of the car.
How do you register a car in your name if the loan is not in your name?
You can not.
You bought a car the loan is in your name the car is in your wifes name?
yes
How do you put your car loan in someone else's name?
You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.
Can a car be reposessed if its under another persons name?
The car can not be under another's name legally. Cars with a loan must be in that person's name. If you bought a car that was not paid off and the loan was not cleared you bought the car and the loan. Yes, they can get the car. That is why they put liens in the car. It prevents anyone from buying the car!
How can a spouse get their name removed from a car loan when the other spouse was not there to sign for it and had better credit and there was not a power of attorney used?
I'm not quite sure EXACTLY what you are asking, but I'll give it a shot. If BOTH names are on the loan and you want to get one off, the other person has to re-finance the car in just their name. If it's in just your name, then you have to get the other person to assume the loan by applying for a loan in their own name. Basically, you can't just remove a name for any loan you've signed for. Someone else has to refinance in their name, on their credit.
