The vehicle is driven, registered and insured by me but my Ex has the loan on it...and vice versa, I have the loan on his car. We have about $4000 left on each vehicle, but I bought my SUV used and its too old and has too many miles to qualify for a car loan and I can't seem to get a personal loan for that much. The easiest thing to do is just switch the cars, but I LIKE my SUV...its well maintained and clean...his car, well, he doesn't maintain and take care of it.
We're on good terms so he's okay with the situation we are in, but he has recently asked if it was okay that he contributed more on the loan I have so that his car would be paid off faster so he can get a new car. I really don't want him to pay it off and have control of BOTH cars...because the deal was that once a car was paid off, then we would send the other person the title.
Any Suggestions?
2007-03-06 10:06:49 · 2 answers · asked by mzsunrize 2 in Cars & Transportation ➔ Buying & Selling
There are websites with information about taking over someone else lease, they are actually for people who are leasing a car and no longer want it, but don't want to lose money on it, so someone else basically transfers the lease to someone else. I don't know if they have anything else like that for regular car loans though.
Why don't you just let him pay off your loan, for his car, then he can sell it. He said he wants a new car right? So he probably isn't interested in your vehicle anyhow. As long as he will have enough credit to get a new car, the loan he has on yours shouldn't matter to him.
2007-03-06 10:17:51 · answer #1 · answered by starwings20 5 · 0⤊ 0⤋
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2016-09-26 21:07:04 · answer #2 · answered by ? 3 · 0⤊ 0⤋