Unfortunately, you would be held responsible for that debt and would have to pay it.
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.
It will be easy to sue them if you had it in writing that they were responsible for the loan. If not, it will be difficult to prove since the loan is in your 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.
No, it is generally not possible to refinance a car loan in someone else's name without their consent and involvement in the process.
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
If the loan by the Bank than it will be on your name. Do not pay loan if someone else as name to the loan.
You should call the police and let them know.
no
Depending on the state you must at least cosign.
You can cosign but both names will be on title.
Insuring a Vehicle in someone else's name.Yes you can. So long as you also list the owner as an insured. See the related questions below. Other AnswersNo, the insurance needs to be in the same name as the person on the loan.