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When someone assumes your finance payments are you no longer responsible for the vehicle?

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Wiki User
2005-09-23 00:34:30
2005-09-23 00:34:30

IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.

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