Only if you notify the bank, No you are not secure if the loan is not in your name then ownership is given to the one who name is on the loan. You actually need to refinance the car.
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Submitted 872 days ago ..
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Answer 2 / 3 - Submitted 732 days ago ..
My mother purchased a car in her name for my sister and my sister was suppose to make the payments. She is not making the payments on time. My sister credit is not the best. How can my mother get out of this car loan and my sister take over the responsibility of the car payment?
Answer 3 / 3 - Submitted 732 days ago ..
Sell the car clear the loan and let sis buy one she can afford [but your mom wont do that ] so she is stuck and sis needs to be reminded it your mothers credit she is messing up
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Assume someones car loan
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