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The co-signer wants the car, which I'm fine with since I can't afford it anymore, but how can I get my name off of the loan and off of the title? does he have to refinance it to get my name off of it? Thanks =)

2007-01-23 13:58:25 · 5 answers · asked by cirnrab 3 in Business & Finance Personal Finance

5 answers

Ask the finance company. If the co-signor has strong credit, they may well allow your name to be taken off the loan and the title.

2007-01-23 14:42:03 · answer #1 · answered by Bostonian In MO 7 · 1 0

No, only way to remove you name from loan is for it to be paid off Lien is removed and you sell it to previous cosigner or anyone else. Of course you can go to lien holder and co-signer takes out a personal loan pays off the loan then signs over the car as a condition of the personal loan, which is then changed to a car loan

2007-01-23 14:08:47 · answer #2 · answered by mypalnow2 2 · 0 1

You nee a lawyer, trust it or no longer once you want a cosigner for some thing each and every of the credit is going to their call, no count number in the adventure that they pay or no longer. The cosigner is accountable to work out that motor vehicle will be paid for if no longer the commercial corporation is going to him for charge.

2016-12-02 23:31:39 · answer #3 · answered by Anonymous · 0 0

Clear title to the vehicle will be provided when the car is paid for.
It's still your loan until it's paid off, even when the cosigner is making the payments. Yes, he would have re-finance (pay off the existing loan) for only his name to be on it.
If he defaults, the lender can come after you and him for the money still owed.

2007-01-23 14:05:15 · answer #4 · answered by Thomas K 6 · 0 1

it is virtually impossible to convince your finance company to take your name off of the lease. After you paid it off and aquire the title, you can remove your name.... But it also depends on the state too.

2007-01-23 14:04:45 · answer #5 · answered by HUCKLEBERRY 2 · 0 1

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