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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.

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โˆ™ 2006-04-15 20:05:03
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Q: How do you sell your car and have someone take over payments?
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Related questions

If you can't make the payments on your 2004 SUV what can you do?

Renegotiate the loan with the lender. Sell the car to someone else or have them take over the payments. The very last thing you want to do is default on 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.


Can I have someone take over payments of my car?

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.


How can one get someone to take over car payments?

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.


How do you take over car payments from someone else?

Contact the lender and get their approval.


Can someone take over car payments in a vehicle sale in Texas?

Yes


How do you have someone take over payments?

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.


How do you get rid of a vehicle with negative equity?

Let someone else take over the payments.


How do you sell your annuity?

You can visit a company like mystructuredsettlementcash to sell annuities and structured settlements. They have lists of buyers to take over your annuity payments.


Is it better to let take someone take over payments with a contract?

depends. but contract is better than no contract


Can the primary borrower of an auto loan replace their name with someone else's for them to take over payments?

no


Is there a way of having someone take over payments of my auto loan?

Yes, but it has to be with the agreement of the lender.

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