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Submitted 214 days ago...

Juneau453

New User (2)

Document

My father recently passed and we have a vehicle finaced together and I can't afford to keep it. In attempt to save my credit someone else agreed to take up the note. I won't to sign something to protect myself with a document stating that the vehicle with someone else. It is still in my name but they have taken full coverage insurance out in their name. What do you advise my to do.

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Answer 1 / 2

Submitted 214 days ago...

Juneau453

New User (2)

To protect me!

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Answer 2 / 2

Submitted 213 days ago...

Landman

Authority (342)

You’re basically leasing the vehicle to them but the title is still in your name… that’s the problem. You can sign a contract with them but legally you’re still responsible. You should try to get them to just buy it… even if you have to co-sign the loan for them. I would try calling your current lender they may transfer the loan if their credit is OK. Good Luck!

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