Yes, it is possible to assume an auto loan from someone else, but it typically requires the lender's approval and a formal transfer process.
You can cosign but both names will be on title.
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.
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.
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.
No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.
no
You can cosign but both names will be on title.
In general, one cannot get an auto loan without a driver's license (that loan will have been acquired fraudulently according to most auto loan contracts). A person can, however, co-sign someone else's loan without having posession of a driver's license.
From my experience, you would have to re-finance the suto loan with the new co-signer.
Just for the auto.
As the primary, you are the first one they go after.
A personal loan is an asset to the estate. As such it can be willed to someone else if there is proper documentation of the 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.
An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.
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)
loan
A cosigner- someone who agreesto pay the loan if you default