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I have a car loan but want to put it in my gf name, can I?
So I have a loan right now that my grandma co signed for. My gf wants that car and I want to get another is there a way I can put the loan in her name?
14 Answers
- Anonymous5 years agoFavorite Answer
There's only one way - have your girlfriend obtain her own loan to pay off the current loan. Loans are not transferred.
- wg0zLv 75 years ago
Perhaps. If the gf is both qualified for AND willing to execute a loan contract, with/by either your current lender or her own bank or c/u, then your lender has no reason to refuse to do the deal.
- Anonymous5 years ago
She would have to qualify for a new loan to pay off your old one. She would probably need a full time job and a cosigner too. no such thing as transferring loans.
- mccoybluesLv 75 years ago
This is so simple. SELL THE CAR TO YOUR FRIEND. She needs to get a loan, pay you for the car and Then she can start to make payments on HER CAR LOAN.
SIMPLE
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- Anonymous5 years ago
Probably not. You should ask the finance company. Also you should make sure that your GF could even qualify for a loan before you ask.
- jon_mac_usa_007Lv 75 years ago
NO. You need to sell the car to her, you cannot just transfer a loan, it don't work like that dude.
- AlCaponeLv 75 years ago
You must "sell" the car to your GF. She gets her own loan, you use it to pay off your car, and you give the title to her, which she then takes to the local DMV office to get changed to her name --- and pay sales tax and registration/tag fees. She must also have insurance.