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A lender will not let one person just "drop off" a loan. They like the fact that they have 2 people who are equally responsible for paying, in case something goes wrong.
Usually the only way to do this is to refinance the vehicle. This can be done either with the same lender or another lender.
Find out what car dealers don't want you to know at www.dealertricks.com
What else can I help you with?
Is it possible to refinance a car loan into someone else's name?
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.
Can someone remove themselves from a car loan if you signed with another person as the car is being financed?
If they both signed the contract and were legally able to enter into a loan contract no names will be removed. All signers remain equally responsible for the loan until it is paid off.
How do you put your car loan in someone else's name?
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.
Can you pay off someone else's car 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.
Can someone with a credit score of 512 get a car loan?
no
Is it possible to refinance a car loan into someone else's name?
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.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Can someone remove themselves from a car loan if you signed with another person as the car is being financed?
If they both signed the contract and were legally able to enter into a loan contract no names will be removed. All signers remain equally responsible for the loan until it is paid off.
How do you put your car loan in someone else's name?
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.
Can you pay off someone else's car 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.
Can someone with a credit score of 512 get a car loan?
no
Is it possible for me to refinance my car loan in someone else's name?
No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.
Is it possible to refinance a car loan in someone else's name?
No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.
What factors should I consider when assuming a car loan from someone else?
When assuming a car loan from someone else, consider factors such as the interest rate on the loan, the remaining balance, the condition of the car, the terms of the loan agreement, and the financial stability of the person you are assuming the loan from. It is important to carefully review all details of the loan before making a decision.
Where can someone get a car loan guaranteed?
One can't get a car loan guaranteed. Nothing in life is guaranteed. There are many factors that come into play when asking for a car loan such as credit score and age.
How can someone be released from cosigning a mortgage loan without ruining their credit?
The only way to be removed from the obligation of cosigner is for the loan to be refinanced.
Can you register your car in someone elses name if its under a loan?
no
