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There is three ways to do this assuming that you are purchasing the car.

You can call the Loan company and ask for the "pay off" amount and pay it in a lump sum or you can assume payments via a contract between you and the loan holder. In this contract you promise to pay the loan on schedule while keeping the loan is their name. This can be risky for them. You can also assume the loan through the loan company. This benefits both of you by getting them off the loan relieving them of liability and it promotes your credit.

As far as the title is concerned it can be changed to your name regardless of the name on the loan. If the loan is still active there will remain a lien holder (the loan company) on the title.

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13y ago

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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.


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.


If you moved to another country but still have a car loan can you refinance that loan in someone else's name?

The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.


How can I refinance a car that is currently in someone else's name?

In order to refinance a car that is in someone else's name, you will typically need to have the current owner transfer the title to your name before applying for a new loan. This process may involve the current owner paying off the existing loan, transferring the title to you, and then you can apply for a new loan in your name to refinance the car.


How can I refinance a car to someone else?

To refinance a car to someone else, you would need to find a lender willing to provide a new loan to the other person. This new loan would pay off your existing car loan, transferring ownership of the vehicle to the new borrower. It's important to check with your current lender and the new borrower's creditworthiness before proceeding with the refinancing process.

Related Questions

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 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.


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.


If you moved to another country but still have a car loan can you refinance that loan in someone else's name?

The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.


If you have cosigned for your mom how can you get your name off of the car?

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)


How does the owner get their name off the car loan?

The loan must either be paid off at which point the bank sends the title slip to the "owner" or the bank agrees to transfer the loan to someone else's name (the new buyer).


How can I refinance a car that is currently in someone else's name?

In order to refinance a car that is in someone else's name, you will typically need to have the current owner transfer the title to your name before applying for a new loan. This process may involve the current owner paying off the existing loan, transferring the title to you, and then you can apply for a new loan in your name to refinance the car.


How can I refinance a car to someone else?

To refinance a car to someone else, you would need to find a lender willing to provide a new loan to the other person. This new loan would pay off your existing car loan, transferring ownership of the vehicle to the new borrower. It's important to check with your current lender and the new borrower's creditworthiness before proceeding with the refinancing process.


Can you register a financed car in someone else name?

no. not unless the lender allows you & it won't. you would have to sell the car, pay off the loan & then transfer title. all at the same time.


Do you get the title to your car if you have a loan on it?

No. You don't get the title to your car until any loans against it are paid in full. <><><> In several states, you will get a title document- but it will show the loan company or bank as a lienholder. That title cannot be transferred to someone else until the lien is satisfied (loan paid off)


How can I take my name off a straw purchase on a car loan?

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.


Can you sell a car that has a loan attached?

Yes, you can sell a car with a loan attached. You must pay off the loan with the money you receive in order to have a clear title or you must get someone to take over your loan.