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Submitted 170 days ago...
Answer 1 / 4
Submitted 170 days ago...
Answer 2 / 4
Submitted 169 days ago...
You can have a signed agreement from a notery, to sign in front of to transfer the car to some one else , and its a loan contract, for some one to take over the payments, and at the end , of the contract, you transfer to his name, same thing as a land contract , but this is a car contract
Answer 3 / 4
Submitted 167 days ago...
If you are making payments the bank holds the title and they do sometines allow for a loan assumption but generaly they want a new loan this is to protect them and you. if that person doesnot maintain the payments and insurance make no mistake you are still responsible ===[ on a personal note i have done it and it has always cost me. and i have heard almost every excuse . it also a good way to lose a friend...good luck ]
Answer 4 / 4
Submitted 161 days ago...
Depends where in the world you are: in Britain car credit is based on a credit assessment of the buyer, so I imagine a reasessment would have to be made if ownership and repayment changes were made. Have a chat with whoever provides credit for your vehicle to get the real info, and get it in writing :D
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