- Can you have someone else take over my car payments?
- Can someone else pay my loan?
- Can you take over someone's car payments with bad credit?
Can you have someone else take over my car payments?
"In most cases, car loans are not assumable," says Edmunds.com Senior Consumer Advice Editor Philip Reed. "When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.
Can someone else pay my loan?
A close friend, spouse, parent, or close relative can be asked if they would take over making loan payments on behalf of the borrower. If someone else would like to make payments in the borrower's place, they will simply need the account number and the account holder's information.
Can you take over someone's car payments with bad credit?
Get Car Financing. Even with poor credit.
You can't just sign over a car loan to someone else when you haven't finished it. However, in some cases, it may be possible for someone else to assume your loan.