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You can coordinate this with his bank, or do the loan at your bank to pay his bank off. It cannot just be handed over, you have to go through a credit check just as if you were buying it new.
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∙ 17y ago
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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.
Will a bank help you take out car loans?
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I have an auto loan in my name can i get another auto loan in my name?
If you are already running a loan, then you can take a loan from another bank not from the same bank. If still you want a loan from same bank, then you can get on your parents name.
Can you take out a used auto loan and use the 'to be purchased' used auto as collateral for the loan?
In most areas yes, it is called collateral.
Are auto loans secured loans?
Yes, they are. An auto loan is secured loan based on the collateral of your vehicle. If you don't pay the loan they will unfortunately come take your car away.
If someone cosigned an auto loan can someone else take over as the cosigner a few months later?
From my experience, you would have to re-finance the suto loan with the new co-signer.
Can one take over someones vehicle installment even though blacklisted?
can one take over someones car instalments even when blacklisted and have no deposit?
Can they take income tax check if get repossession in Arizona?
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
Why do you need to use an auto loan calculator?
An auto loan calculator allows you to tailor an auto loan quote, taking into account different aspects and conditions of your financial situation. In tern you can take the information gathered and determine the best deal.
How do you get your name off of an auto loan that you cosigned on if other party cannot get another loan and has nobody willing to take over as cosigner?
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Does an auto loan calculator help you figure out your final amount paid including interest?
Yes, an auto loan calculator calculates all the aspects of what you would pay when you take out an auto loan. It includes the interest and will give you a good idea of how much would be paid overall on the loan.
