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take over payments?
I want to sell my Chevy Tahoe, the loan is about $2k higher than blue book value, can I ask a buyer to take over payments?
4 Answers
- Anonymous1 decade agoFavorite Answer
As long as the payments are being made, the finance company doesn't care who writes the checks.
- JeevesLv 41 decade ago
Yes, you can have someone take over the payments on your vehicle. Advertise in your local newspaper $1000 down and take over payments. However, you will get most of your responses from people that may not be able to get a loan normally. Furthermore, even if they qualify to take over the payments directly with the lender, if they do not make the payments on time, it will go against your credit. The avenue I recommend is to have them make the payments directly to you. That way you know they are being made on time and your credit is protected. Keep one set of the keys as you may need to go get the vehicle if they do not make the payments. It may not be worth the aggravation.
Source(s): ask.com - Anonymous1 decade ago
yes
