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.
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
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.
There are several companies that offer Auto Loan Refinancing. Some online companies include my auto loan and credit provider, however you can also go to your bank or another bank like Citibank and Wells Fargo bank to get a refinancing loan.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Yes.
They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.
Depends on your credit history That would be up to the lender.
No. The cosigner would have to apply for a loan in their name using their credit, income data.
http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx is an online amortization tool for auto loans. Another online tool can be found at http://www.myamortizationchart.com/auto-loan-amortization-calculator/ with a similar set of inputs.
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.
The lender is only attempting to protect his interest. If you have not established credit to the point that the lender can feel that the loan is secure he will probably not be willing to transfer the loan.
You can find printable online auto loan forms at http://onlineautoloan-application.com/online-auto-loan-application/printable-auto-loan-application-form/. Another good site is www.boatus.com/rvloans/print.asp
The only way to get the other persons name of the auto loan is if you finance there another lender. The other finance company pays off the amount left on the existing loan, and then form a new contract soley with you name on it. But what if you don't have the credit to get a loan in your own name?
There are several companies that offer Auto Loan Refinancing. Some online companies include my auto loan and credit provider, however you can also go to your bank or another bank like Citibank and Wells Fargo bank to get a refinancing loan.
Absolutely, name exists on title therefore you are part owner.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.