Can You Transfer Your Car Loan To Another Person

You can carry out a direct transfer only if the business auto loan currently in place happens to be with the same lender as your personal loan.

Can you transfer your car loan to another person. However the new owner will have to pass a credit check and be approved by your lender. If no business loan is in place you will be able to transfer if the business uses the same lender as you personally used. But if you are unable to repay the loan there is an option to transfer the loan to the next person.

You ll have to visit the nearest rto regional transportation office and request them to transfer the car in the name of the new owner. Transferring a car loan to another person. If you are selling your car and still have payments to make on it it is possible to transfer the car loan to another person.

It is possible to transfer a car loan to another person though it should only be done when absolutely necessary. To be able to transfer your car loan to somebody else you need to surrender the ownership of the vehicle to them as well. You may also want to transfer your loan to buy a less expensive vehicle.