The loan must be paid off and refinanced in the primary borrower's name.
If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
To remove your name from a car loan, you typically need to either pay off the loan in full or have the other person on the loan refinance the loan in their name only.
I assume you mean how do you get your name off the car LOAN! The only ways to do that would be to either pay off the loan or have your mom refinance it under just her name (or get someone else to cosign THAT loan)
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.
Only the lender can remove your name from a loan. This matter must be addressed in the separation agreement. The person who is keeping the car must refinance it in their sole name and pay off the prior loan.
To remove your name from a car loan, you typically need to refinance the loan in the other person's name or pay off the loan in full. Contact your lender to discuss your options and the necessary steps to remove your name from the loan agreement.
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 car can not be under another's name legally. Cars with a loan must be in that person's name. If you bought a car that was not paid off and the loan was not cleared you bought the car and the loan. Yes, they can get the car. That is why they put liens in the car. It prevents anyone from buying the car!
The loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one name
The loan must be paid off or the lender must agree in writing to remove your name from the obligation.
You cant. The loan in your name must be paid off by you. So if you plan to make any money off your car you will want to sell it for more then what is still owed.
I am dealing with my own drama in a cosign arrangement. I have found that the only way to get your name off of the loan is to have her get a new loan through refinance.