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Dear Terry,
We want to buy a car that my brother-in-law is still paying on. Is that possible? Can he just sign over the title
to us while we continue the payments?
-- Donna
Dear Donna,
Most car loans are not transferable. You can contact the lender and see if it will allow you to qualify for the loan,
which usually means the lender simply issues a new loan on the vehicle.
Some people drive a vehicle and make the payments on behalf of the original owner, who then would sign
over the vehicle once the loan is paid off. But that's not legal, and the person paying off the loan has no rights to
the vehicle.
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