answersLogoWhite

0


Best Answer

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

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does a bank have to refinance a car to transfer payments to someone else?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How can someone perform a bank ACH transfer?

ACH stands for Automated Clearing House. One can perform a bank ACH transfer by direct-deposit payroll payments and payments to contractors and vendors.


How do you refinance a vehicle loan?

To refinance a you need to first choose the bank that you want to refinance the loan with. Various banks have different rates that will affect your monthly payments. The most that you will have to do is fill out a few forms and the bank will do the rest.


How does one qualify for a mortgage refinance loan through the Bank of America?

To qualify for a mortgage refinance loan through the Bank of America you must have at least 5% equity in your home. You must also be current on your home loan payments.


Can someone lease a car and someone else make the payments?

Yes, all the bank cares about is that someone is making the payments.


Can you make payments to a creditor who froze your bank account?

Payments can be made from out of the frozen accounts simply by authorizing the bank to transfer the money in the frozen account directly to the creditor.


How do people refinance there home loans?

My parents have had to refinance due to the monthly payments being unreasonable for the income. Refinancing is done through the bank. They come out and evaluate how much the house is worth and suggest options on payment.


What is lloyds bank abbreviation fpi?

Why use FPI for a daily transfer instead of a daily transfer?


Why are refinance rates lower than new mortgage rates?

Because new borrowers may have no history of making payments while in a re-fi the bank knows the borrower made their payments reliably.


What are different Methods of payments?

Credit card, check, cash, money order, bank transfer...


Whats the best place to refinance an auto loan?

Bank of America (BAC) offers auto loan refinance programs with interest rates as low as 3.74%. Also bankrate offers a calculator to figure auto loan payments.


Which website allows someone to compare refinance rates of different companies?

There are many websites available that allow someone to compare refinance rates of different companies. The best website for this is the website called Bank Rate.


What is a Bank giro credit?

A bank giro credit is a payment where the customer instructs their bank to transfer funds directly to the beneficiary's bank account. Businesses and consumers alike use bank giro transfer payments to pay invoices (for "Open Invoice" Billing) or to send payment in advance for products ordered. Many companies enclose a convenient, pre-printed transfer form with their invoice or order form, which the customer can use to make the transfer with no mistakes. It is also possible to accept bank transfer payments by simply printing country-relevant bank account details on each invoice.