depends. but contract is better than no contract
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.
The terms of a contract for taking over car payments typically include details such as the monthly payment amount, the duration of the agreement, any penalties for late payments or early termination, and the responsibilities of both parties involved in the transfer of ownership. It is important to carefully review and understand all terms before agreeing to take over car payments.
Are you interested in buying a car through a financing plan where you make payments over time?
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.
A series of fixed payments refers to recurring amounts that are consistent and unchanging over a specified period of time. These payments can be made as part of a contract, loan agreement, or investment arrangement.
Yes
Contact the lender and get their approval.
not normally the contract is with yourself, not them
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.
A Variable Annuity is an insurance contract in which at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.
Let someone else take over the payments.
Best way to do this is to talk to the place that holds the note on the car. They will usually work out something. If someone has power of attorney it would help out. They could just simply do a take over payments on the books.