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The financial institution would have to approve the credit score of the other party in order to proceed with the transfer.

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17y ago

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Related Questions

Can you transfer ownership of a car to someone else if it still has a lienhold on it?

Not unless they qualify to take over the loan with the bank. The bank OWNS the car.


Does a bank have to refinance a car to transfer payments to someone else?

Yes. Or the bank can "add" you to the loan and retain the originator too making the loan a "joint" or "co-signed" loan.


How do you put your car loan in someone else's name?

You just can't place your loan in someone else's name. That other person has to get his/her own loan for the car and pay off your loan.


Is it possible for me to refinance my car loan and transfer ownership to someone else?

Yes, it is possible to refinance your car loan and transfer ownership to someone else. However, the process may vary depending on the lender and the new owner's financial situation. It is important to consult with your lender and legal advisor to understand the requirements and implications of such a transaction.


How do you get out of a used car loan?

To get out of a used car loan, pay off the loan or find someone else who will do that.


Is it possible to refinance a car loan into someone else's name?

No, it is generally not possible to refinance a car loan into someone else's name without the original borrower being removed from the loan.


Can you pay off someone else's car loan?

Yes, it is possible to pay off someone else's car loan by providing the lender with the necessary funds to settle the remaining balance on the loan.


How can I refinance a car that is currently in someone else's name?

In order to refinance a car that is in someone else's name, you will typically need to have the current owner transfer the title to your name before applying for a new loan. This process may involve the current owner paying off the existing loan, transferring the title to you, and then you can apply for a new loan in your name to refinance the car.


Is it possible for me to refinance my car loan in someone else's name?

No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.


Is it possible to refinance a car loan in someone else's name?

No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.


Can a person transfer ownership of a car to someone else when the car has not been paid in full?

If the car has not been paid for then you can not transfer the ownership to someone else without paying the vehicle off.


How do you transfer to you a car title in Florida from someone else?

No