answersLogoWhite

0

Yes, it is possible to take over payments on a car, but it typically requires approval from the lender and a transfer of the loan or lease agreement.

User Avatar

AnswerBot

6mo ago

What else can I help you with?

Continue Learning about Finance

How fast can your credit go up once you get approved for a car loan?

Your credit does not go up when you are approved for a car loan. Your credit goes up when you make the payments on time. Get a years worth of on-time payments undr your belt, and your credit will go up.


Can you return a car bought on a personal loan when you were told it was on finance?

Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.


What is a GAP policy for a car loan?

Gap Insurance will pay the difference between the vehicle value and the loan pay off amount. For instance : you car is valued at $17,000 but the loan amount on the car is $20,000 - if your car is totaled your basic car insurance will only pay up to the car's value. A GAP Policy will pick up the $3,000 difference. Therefore you aren't making payments on a vehicle that is at a total loss. IMO- is a must have!


What happens if you default on car loan in divorce?

The car will most likely be repossessed unless you make up the missing payments and penalties.


How do I make car payments?

To make car payments, you typically need to set up a payment plan with the lender or dealership where you purchased the car. This usually involves making monthly payments either online, by phone, through mail, or in person. Make sure to follow the payment schedule to avoid late fees or penalties.

Related Questions

Can lender refuse to pick up car and still refuse to release title?

The title is only released when the debt or loan is paid in full. If you want the lender to pick up the car, I'm guessing that you can't or don't want to make the payments. The lender can refuse to pick up the car, but, if the debt remains unpaid, they will probably have the car repossessed which will negatively affect your credit rating.


If you bought a car for your daughter in your name and the payments and insurance are taken out of your account do they have the right to pick it up?

As long as the contract is NOT in default, NO. Read the contract. Payments current, ins. current, no other defaults?


If you are the buyer but the cosigner has the car and is 3 months behind on the payments can you just go pick up the car?

IF and only IF, you are listed on the TITLE as co-owner, you can go get the car. CO-SIGNORS have to let the lender do it their way.


Can ssd pick up child support payments?

Child support can be garnished from RSDI payments (but not SSI).


Can you pick up the rental car early"?

Yes, you can pick up the rental car early.


What is the rental car pick up time for my reservation?

The rental car pick up time for your reservation is .


Can a car be traded in for a used less expensive car if the payments are not up to date?

Dang right. They will love you. Get the payments up to date and sell your car. Then buy you something cheaper.


What type of car do you pick people up with?

A pick up truck!


Where can I pick up my car rental?

You can pick up your car rental at the designated rental car location specified in your reservation confirmation.


What causes the repossession of a car?

If you do not want your car repossessed, then you need to keep up with the payments on your car. If you are behind on payments, then your car could be taken away from you legally.


At what time can I pick up my rental car?

You can pick up your rental car at the designated time specified in your reservation.


What are the consequences of not making car payments?

If you do not make car payments you will default on your loan or lease. It will ruin your credit and end up with a repossession.