If so how do i go about doing so?
2007-01-08 03:40:48 · 5 answers · asked by ♥♥♥ 2 in Cars & Transportation ➔ Buying & Selling
No.. your the one who is financing the car.. everything is based upon your wages and credit not upon your moms
2007-01-08 03:43:23 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Sure. Just have her get a loan herself and buy the car from you.
Car loans are not assumable -- read the contract, it will tell you that it is not assignable by the borrower. She'll have to get her own loan.
2007-01-08 12:14:11 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Check with your financial institution. If they approve the switch over then you're good to go. If you're talking about the title only then just sell her the car for $1 or something like that.
2007-01-08 11:42:46 · answer #3 · answered by s_h_a_r_k_k_y 4 · 1⤊ 1⤋
yes,but you most say that you was giving the car to her as a gift or that she is buying it from you.but if that does not work put her as a co owner on the car whit you so that she can be the owner and you can be the co signer of the car.
2007-01-08 11:48:05 · answer #4 · answered by VIKKIE 1 · 0⤊ 1⤋
You should be able to. All you have to do is go to your bank with your mother and tell them you want to change resposibility of the loan. Your mother has to qualify for a loan for that to happen.
2007-01-08 11:43:17 · answer #5 · answered by Chris B 3 · 1⤊ 1⤋