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How would you go about 'buying' your dad's car if he still owes the bank?
Wiki User
∙ 8y ago
You need to pay off the bank to get the title to the car. You can either give your father the cash needed to pay off the loan, or you can get a loan from a bank. If you get a loan, the bank will send the payment amount to the lien holder, which is the other bank, and anything over the amount of the loan balance will be sent to your father.
assume the loan in your name.
Wiki User
∙ 8y ago
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Most likely that would be more work than the insurance company would care to deal with. A better soution: Setup automatic payments to your dad's bank account from yours (your bank should offer a service like this), if not Wells Fargo does.
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pogo
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