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Yes, car payments can be transferred to another person through a process called a loan assumption or a loan transfer. This typically involves the new person meeting the lender's credit requirements and agreeing to take over the responsibility for making the payments on the car loan.
What else can I help you with?
You have a car loan can another person take over the payments?
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
Can you pick up payments on a car?
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.
How can I take over car payments from the owner?
To take over car payments from the owner, you will need to contact the lender to see if they allow for a transfer of the loan. If they do, you and the owner will need to agree on the terms of the transfer and complete any necessary paperwork. It's important to make sure you can afford the payments before taking over the loan.
How do you take over payments on a car loan?
Contact the bank or finance company that holds the note on this car. They can transfer the loan to you if you qualify.
If you file for bankruptcy and you cosigned for someone can the car loan be included in the bankruptcy if the person is not making their payments?
YES, you can include it whether the payments are current or not.
You have a car loan can another person take over the payments?
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
How do you transfer car title when the car is financed with a different owner but I make the payments on the car?
Typically you cannot transfer the car title because the person who is financing the car doesnt even have the title, the title stays with the bank. Youd have to go to a dealer with the person and have the dealership work that out
Can you transfer a car title to a new car?
No. Each car has its own separate title so you can't transfer it to a different car. You can, however, transfer title of a car from one person to another. That is part of transferring ownership of the car.
If I am driving a car in my mother's name and she passed away and I am the person who has made all the payments how easy is it to transfer the name on the title?
You would have to talk with the executor of the estate. If you can prove the payments were made by you, you should be able to work it out, but the probate court will have to okay the transfer.
Can you pick up payments on a car?
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.
If you pay the car payments but the car is in someone else's name can they take the car?
Legally, the car belongs to whoever's name is on the title and registration. If someone else is making payments for another person's car, they can't outright take it but could have a case in court for ownership, which could result in seizure.
How do turn over a car to another person and have them take over the payments?
Contact the lender. They must approve this, so you need to talk to them.
When you transfer car insurance from one car to another how long does it take to be on the road?
The transfer is instant.
When is a car repossesed?
When the person misses too many payments.
How can I take over car payments from the owner?
To take over car payments from the owner, you will need to contact the lender to see if they allow for a transfer of the loan. If they do, you and the owner will need to agree on the terms of the transfer and complete any necessary paperwork. It's important to make sure you can afford the payments before taking over the loan.
Your mom is selling you her car what is the best way to go about that?
In some states she can transfer her car to you with no tax payments. Contact your local DMV about this.
How do you take over payments on a car loan?
Contact the bank or finance company that holds the note on this car. They can transfer the loan to you if you qualify.
