Can a car loan be in my girlfriends name, but the title and registration but under mine and/or both of our names

Well it would be better to take the higer APR and have both your names on the loan documents, this way you will have the choice of who you want to be the primary driver for insurance. This will also help you rebuild your credit rating, so you don't have to go into the hassle of doing this in the future, for a few dollars more a month it is an excellent investment.

Now if she just goes on the loan documents, you will have to look at your agreement, if it states the holder has to be the primary on insurance because of the loan, then she will be have to be on it, but you would most likely get cheaper insurance this way.

So basicly if you want the cheap road go put the Loan, Car and Insurance in her name with you as an occasional driver.

And if you want to rebuild your credit take the higher APR put the Loan in both names, the car in just your and the Insurance in your name. This is better for the future.


I had the same problem, when I went to buy my new car six months ago, I went the way of rebuilding my credit.

Hello!

Yes, you can put it all in her name and save money. The insurance company will require you and her both to be on the policy so depending on eachothers driving records, your insurance could be high!

The title and registration can be in both your names but if it is, then the loan will have to be joint as well.

Loan companies sometimes have different insurance requirements! Some say you have to insure the car for 15, 30 and 10. Some will say you have to have 100, 300 and 100. Make sure you ask the lender what their required minumums are. That way you an gauge how much your monthly insurance is really going to cost.

Now, you will need to consider your monthly car payment with just your name on it, (very high), her name on it (moderately high) and only her name on it (low rate).

Having a more accurate insurance rate (monthly payment) will help you determine what you will need to do in terms of the loan and rather or not you can afford it. Yes you can do it in her name only with you on the insurance, but you do need to rebuild your credit which the car loan would help you do.. .however, you can start rebuilding your credit by paying back old charge off accounts and getting bad credit credit cards. They can help you rebuild your credit history and it wont cost you as much!

I would also look in to a credit repair company. They can usually get things deleted from your credit report(s).

I would tell you to get the car in your name only, so that you do not effect her credit if something happens, get a few credit cards from lenders that specialize in bad credit (first premier bank, orchard bank) and contact a credit repair company to help clean your credit up while your rebuilding your history with the credit cards and the high interest rate auto loan.

After about 6-9 months you will get a ton of offers in the mail to refinance the car loan! Now you will have some history and you can drop your auto rate by 4-5 points! This is the better route since you will not be effecting her at all and it will only cost you for about 6 months.